The Bank of Japan is set to debate whether to raise interest rates at its September policy meeting, with Governor Kazuo Ueda signalling that policymakers will focus on whether inflationary risks are intensifying, Reuters reported.
Ueda’s remarks, made after attending the G20 finance leaders’ gathering in Asheville, North Carolina, strengthened expectations that the BOJ could raise rates this month. Ueda said the central bank would assess whether economic conditions were developing in line with its projections and whether upside risks to prices were increasing.
