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[BUSINESS] · Japan · 65 sources

Bank of Japan official warns rate hike possible as oil‑driven inflation rises

Kazuyuki Masu, a member of the Bank of Japan's policy board, said a rate increase could be imminent if inflation does not show a clear slowdown. Speaking at a corporate event in Kagoshima, Masu warned that rising oil prices are putting persistent pressure on price growth and could push core inflation above the 2% target.

He noted that while he voted to keep rates unchanged at the last meeting, the current surge in fuel and chemical prices may be more lasting than past episodes, affecting consumers more heavily today because of greater reliance on plastics. Masu said timely, appropriate hikes of the policy rate would be essential to keep inflation under control.

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