Bank of Japan Deputy Governor Ryozo Himino said the central bank will raise interest rates as long as inflation moves in line with the bank’s view, underscoring the central bank’s essentially unchanged stance following financial market turmoil earlier this month.
The BOJ’s basic position “is that it will examine the impact of market developments and the rate hike in July,” Himino said in a speech to local business leaders in Kofu, Yamanashi Prefecture, on Wednesday.
“As the country becomes increasingly confident that the outlook for economic activity and prices will be realised, it will adjust the degree of monetary accommodation.”
