BOJ says to raise rates if price target to be achieved, despite losses on JGBs

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BOJ says to raise rates if price target to be achieved, despite losses on JGBs - Channel News Asia

Quick Summary:

TOKYO : Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest rates if its underlying inflation target is likely to be achieved, despite potential losses on its government bond holdings".

"Our policy objectives are to achieve price stability, and the pursuit of our policies would not be disturbed by considerations for the BOJ's finances," he added.

Last week, the BOJ kept interest rates steady and warned of heightening global economic uncertainty, suggesting the timing of further rate hikes will depend largely on the fallout from potentially higher U.S.tariffs.