Bank of Japan official reiterates its readiness for more rate hikes
By Megumi Fujikawa
Bank of Japan Deputy Gov. Ryozo Himino on Wednesday repeated the central bank's stance of raising interest rates further as long as the economy and prices grow as expected.
"The bank's basic stance on the future conduct of monetary policy is that it will examine the impact of market developments and the July rate hike and that, if it has growing confidence that its outlook for economic activity and prices will be realized, it will adjust the degree of monetary accommodation," Himino said in a speech to business leaders in Yamanashi prefecture.
He also pledged to monitor the developments in the markets "with the utmost vigilance" because they are still unstable.
In July, the BOJ raised its interest-rate target to 0.25% from the previous range of 0% to 0.1%.
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08-27-24 2216ET
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