Central Banks
BOJ’s Deputy Chief Says Will Raise Rate If Outlook Realized
- Signals no change to policy stance after new government
- Vows to work on improving communication to avoid shocks
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The Bank of Japan will continue to raise its benchmark rate, unwinding easy policy settings, if the economy performs in line with projections, Deputy Governor Ryozo Himino said, signaling no change to the bank’s stance after the nation installed a new government.
If the outlook for the economy and inflation is realized, “the bank will accordingly continue to raise the policy interest rate,” Himino said in a speech Thursday at a Bloomberg conference in Tokyo. “The policy board will carefully assess incoming data, the evolving outlook, and the balance of risks at each meeting. We are not on a preset course.”