BOJ Deputy Governor Renews Pledge to Hike Rates Further

Dow Jones
Mar 02
 

By Megumi Fujikawa

 

Bank of Japan Deputy Gov. Ryozo Himino reaffirmed the bank's stance on raising interest rates further but stopped short of giving any clear hints on how soon the next move will happen.

The BOJ "should gradually shift to a more neutral stance through moderate policy rate hikes," Himino said in a speech on Monday.

One of the two BOJ deputy governors said the economic impact of recent interest-rate increases has been limited so far, with financial conditions remaining accommodative.

The BOJ last raised its policy rate to 0.75% in December as it became more confident about the mechanism by which wages and prices grow in sync. The bank's policy board is slated to gather on March 18-19.

Himino said that underlying inflation has been steadily rising in Japan, but added it would be premature to say that it has certainly reached the bank's target of 2%.

He said the central bank will adjust the pace of its monetary tightening, while carefully monitoring economic activity, prices and financial conditions.

 

Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

 

(END) Dow Jones Newswires

March 01, 2026 21:08 ET (02:08 GMT)

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