BOJ Governor Ueda indicated at a meeting in Tokyo that the BOJ would continue raising interest rates, and expressed an intention to advance discussions with emphasis on maintaining the inflation rate at a stable level of around 2%.
BOJ Governor Ueda Kazuo (植田和男) attended a financial industry meeting held in Tokyo and was reported to have indicated a policy of continuing to raise interest rates. In his remarks at the meeting, he suggested an intention to continue moving toward an exit from monetary easing.
Ueda Kazuo (植田和男) said that, when determining the pace of rate hikes, the BOJ would consider the matter with emphasis on maintaining the inflation rate at a level of around 2%. This underscored an approach of assessing the direction of monetary policy on the premise of achieving the price stability target.