Bank of Japan Governor "Helps Interest Rate Hike, Helps Realize Price Stabilization Goals"

Bank of Japan Governor Kazuo Ueda said a rate hike helps to realize the price stability goal.President

Ueda said in a lecture at a meeting of economic organizations in Nagoya that phased rate hikes help sustain growth for a long period of time and achieve price stability targets in a sustainable and stable manner.

He said whether to raise further rates depends on the economy, prices and financial situation, adding that he would make policy decisions by updating the assessment and outlook on the economy and prices through each financial policy-setting meeting.Regarding the level of real interest rates, Ueda Governor

evaluated that the degree of monetary easing has become stronger due to the widening negative gap compared to the 2010s.