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BOJ executive saw need for vigilance to 'non-linear' inflation spikes
TOKYO: Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday. The remark, made at a Bank of Japan-hosted conference on monetary policy in May, highlighted the central bank’s alarm over persistent inflation risks that could prod it to hike interest rates steadily. The BOJ raised interest rates to a 31-year high of 1% in June. It is set to hike rates again this week, sources have told Reuters, aligning with o...
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