WASHINGTON :Bank of Japan Governor Kazuo Ueda said on Friday the central bank will "very likely" be raising interest rates if underlying inflation continued to go up.
Bank of Japan Governor Kazuo Ueda speaks during a press conference after attending the G20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil, February 29, 2024. REUTERS/Carla Carniel/File PhotoWASHINGTON :Bank of Japan Governor Kazuo Ueda said on Friday the central bank will"very likely" be raising interest rates if underlying inflation continued to go up.
Having ended its various unconventional monetary easing measures in March, the BOJ has brought more flexibility to its policy and may change its short-term interest rate target depending on how upcoming data unfold, Ueda said.
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