BOJ’s Deputy Chief Reiterates Stance on Rate Hikes After Tankan

Deputy Governor Shinichi Uchida reaffirmed the Bank of Japan’s standing policy to raise benchmark interest rates if the economy performs in line with forecasts, in comments a day after a key indicator showed business sentiment remains positive.

“If the outlook for economic activity and prices is realized, the bank will continue to raise the policy interest rate and adjust the degree of monetary accommodation accordingly,” Uchida said Thursday in a brief speech at a financial conference in Tokyo.