Bank of Japan Deputy Governor Himino said that, when proceeding with gradual interest-rate increases, the Bank would hold thorough discussions at every monetary policy meeting. He said that greater attention than before was needed to the risk of rising prices stemming from escalating tensions in the Middle East and stronger AI demand. He made the remarks in a speech at a financial and economic meeting in Saitama City.
Bank of Japan Deputy Governor Himino Ryozo (氷見野 良三) indicated that the Bank would continue to hold extensive discussions at each meeting on its policy of gradually raising interest rates. The process for deciding on rate increases is expected to be conducted carefully at each monetary policy meeting, according to reports.
He also said that escalating tensions in the Middle East and expanding AI demand could push up prices, and that a higher level of risk awareness was important for maintaining price stability. The remarks were made in a speech at a financial and economic meeting held in Saitama City.
It was indicated that domestic and overseas uncertainties could continue to affect the conduct of monetary policy. There is a view that continued discussion and information gathering will be needed to prevent gradual increases in the policy rate from falling behind developments.
The remarks were reported as key points in the news article and are attracting considerable reader interest as an indication of developments in the Bank of Japan's future interest-rate decision-making process.