The Bank of Japan's Deputy Governor, Masayoshi Ueda, has indicated that the central bank is considering a potential interest rate hike if inflation continues to rise. Ueda stated that it is 'very likely' for the Bank of Japan to raise rates in response to increasing inflationary pressures.
Ueda's comments come amidst growing concerns about rising inflation in Japan, which has been fueled by a combination of factors including supply chain disruptions, rising energy prices, and strong consumer demand. The Bank of Japan has been closely monitoring these developments and has signaled its willingness to take action to ensure price stability.
