BOJ policy to boost yen could be an option to curb inflation, Japanese minister says
This image was generated by AI and may not depict real events.
Japan's Minister for Economy, Trade and Industry Ryosei Akazawa suggests that the Bank of Japan's monetary policy could be used to boost the yen and curb inflation. The central bank is considering raising interest rates this month to counter inflation spurred by the Iran war.
Japan's trade minister says the Bank of Japan's policy could be used to strengthen the yen and suppress price rises. A stronger yen could help offset higher crude-oil import costs. The Bank of Japan is weighing raising interest rates this month to counter inflation. Financial markets expect a 60% chance of an interest rate hike on April 28. The central bank aims to achieve a 2% inflation target while keeping real interest rates low.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.