Bank of Japan Policy Board member Asada Toichiro held talks with business leaders in Nagasaki, saying it was necessary to remain mindful of the impact that rate hikes could have on prices and the economy. The remarks were made during an exchange of views on solutions to challenges facing the regional economy.
To help address challenges facing the regional economy, Bank of Japan Policy Board member Asada Toichiro held talks in Nagasaki with representatives of Nagasaki's business organisations and others. The Bank of Japan holds the roundtable every 2 to 3 years as a forum for sharing information on the state of Nagasaki's industries and the challenges they face.
While assessing the economy as "gradually recovering, although some weakness can be seen in part, partly due to the impact of the situation in the Middle East," Asada said it was necessary to remain mindful of the possibility that rate hikes could affect prices and economic activity.
The roundtable continued until noon on the 12th, and Asada was scheduled to hold a press conference from 2:30 p.m. based on the discussions.