Bank of Japan Signals Rate Hike as JPY Faces Inflation Pressure from Rising Food Prices #newstoday

The Bank of Japan (BoJ) is confronting rising inflationary pressures as food prices continue to climb, potentially pushing core inflation above the central bank’s longstanding 2% target. In a recent speech at a BoJ-hosted conference, Governor Kazuo Ueda warned that persistent increases in food costs may elevate the core consumer price index (CPI), a key measure used to guide monetary policy.

While Japan's benchmark interest rates remain among the lowest in the world, the BoJ’s tone has shifted. The central bank is signaling a willingness to continue raising rates if inflation expectations—which are already at their highest levels in three decades—show signs of further entrenchment.

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