On November 3, 2023, Bank of Japan (BoJ) Governor Kazuo Ueda met with Prime Minister Fumio Kishida to discuss the current state of Japan’s economy and inflation. Following their meeting, Ueda addressed the media, indicating that he is open to considering further interest rate hikes if economic conditions and price levels continue to improve.
The Bank of Japan, which is responsible for the country’s monetary policy, has maintained low interest rates for an extended period to stimulate economic growth. However, with signs of recovery in the economy and rising prices, the central bank may adjust its policies to prevent overheating and ensure sustainable growth.
Source: www3.nhk.or.jp