Bank of Japan Governor: Will continue to raise interest rates if potential inflation accelerates

ChainCatcher news, according to Jinshi reports, Bank of Japan Governor Kazuo Ueda said on Tuesday that if the central bank becomes more confident that potential inflation will reach the 2% target, it will continue to raise interest rates.

Ueda told the Diet that the Bank of Japan will keep the real interest rate in negative territory to ensure that the potential inflation rate remains below the 2% target. "Once we are more confident that the potential inflation rate will approach 2% or hover around this level, we will continue to raise interest rates to adjust the degree of monetary support," Ueda said.