Japan's Trade Minister: The Bank of Japan's move to raise the yen exchange rate may be one of the options to suppress inflation

According to foreign media reports, Japan's Minister of Trade, Akizawa Ryo, stated that using monetary policy to strengthen the yen is one option to curb rising prices. Previously, the Bank of Japan was considering raising interest rates this month in response to inflation triggered by the Iran war.

Akizawa Ryo agreed with economists' suggestions to allow the yen to strengthen to offset rising crude oil import costs. He added that the Bank of Japan's 2% inflation target is very close to being achieved, while real interest rates remain at relatively low levels. Currently, financial markets generally expect a 60% probability that the Bank of Japan will raise interest rates on April 28