TOKYO :Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will keep raising interest rates if it becomes more convinced that underlying inflation will hit its 2 per cent target.
The BOJ is keeping real interest rates negative to ensure underlying inflation is still below its 2 per cent target, Ueda told parliament.
“Once we have more conviction that underlying inflation will approach 2 per cent or hover around that level, we will continue to raise interest rates to adjust the degree of monetary support,” Ueda said.
