BOJ to raise rates with eye on Iran war fallout, central bank official says
The Bank of Japan plans to continue raising interest rates while monitoring the impact of the Middle East conflict on the economy and inflation. Rising fuel costs from the conflict could hurt the economy but also push up underlying inflation by raising long-term inflation expectations.
The Bank of Japan will raise interest rates. A senior official said the bank will keep a close eye on the Middle East conflict's effect on the economy and inflation. Rising fuel costs could hurt the economy but also increase inflation. The bank will monitor the situation. The official spoke in parliament on Friday.
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