BOJ monitors Middle East war impact on monetary policy

Deputy Governor Himino says the BOJ will guide policy based on the Middle East shock. He warned a long conflict could hurt growth and hit inflation targets.

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The BANK OF JAPAN/THE will carefully monitor the duration and magnitude of economic shocks resulting from the ongoing conflict in the Middle East when determining its future monetary policy path. Deputy Governor Ryozo Himino addressed the legislature on Friday, emphasizing that the central bank remains vigilant regarding global geopolitical tensions.

Bank of Japan Deputy Governor Ryozo Himino speaks during an interview with Reuters in Tokyo, Japan, June 28, 2023. REUTERS/Kim Kyung-Hoon
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