Bank of Japan board members have indicated that additional interest rate hikes remain on the table, despite the recent increase that pushed the policy rate to 0.75%, its highest level since 1995.
Officials noted that Japan’s real interest rate remains the lowest globally, raising concerns over currency weakness and imported inflation.
The comments suggest policymakers are still far from a neutral rate and may adjust further to stabilize prices while navigating economic uncertainty and yen volatility.
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