BOJ signals rate hikes despite Iran war pressure on firms
The BOJ signals further rate hikes if economic forecasts hold. Rising fuel costs from the Iran war are currently squeezing Japanese business sentiment.
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The Bank of Japan remains committed to its path of normalizing monetary policy despite the economic headwinds generated by the ongoing conflict involving Iran. Senior central bank officials indicated on Friday that interest rate hikes will continue if economic forecasts are met, even as domestic firms struggle with rising energy costs.
