BOJ Policymaker Signals That Rate Hike Might Be Approaching
MorningStar·- A Bank of Japan policymaker cautioned that tensions in the Middle East might push underlying inflation beyond the bank's target, signaling potential rate hikes. - Junko Koeda indicated that Japan's inflation is around 2%, with elevated oil prices likely due to ongoing conflicts, raising expectations for an interest rate increase in June. - While there are concerns about the economic impact of rising oil prices, Koeda suggested the economy could avoid a significant downturn, supported by strong demand and government measures.