Business
BOJ Governor Sticks to Rate-Hike Stance Amid Iran Tensions
TOKYO—Bank of Japan Gov. Kazuo Ueda reaffirmed his commitment to further interest-rate increases amid deepening concerns over instability in the Middle East.
“While we intend to carefully monitor the impact of the situation in the Middle East, we believe it is appropriate to continue raising the policy rate and adjusting the degree of monetary accommodation if the economy and prices improve in line with our quarterly outlook,” Ueda said at a parliamentary session Wednesday.
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