TechFlow, June 10 — According to Jinshi Data, Bank of Japan Governor Kazuo Ueda said Tuesday that if the central bank becomes more confident that underlying inflation will reach its 2% target, it will continue raising interest rates.
Ueda told the legislature that the Bank of Japan has kept real interest rates negative to ensure underlying inflation remains below its 2% target. "Once we become more confident that underlying inflation will approach or hover around 2%, we will continue raising interest rates to adjust the degree of monetary accommodation," Ueda said.
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