Japanese Finance Minister Shunichi Suzuki said on Friday that rate hike could wobble economic recovery, signaling support for Bank of Japan stance to maintain monetary stimulus despite the global trend of tightening amid rising inflation.
“Overall, rate hikes could wobble the economySuzuki told reporters when asked about the BoJ’s decision on Thursday to maintain its ultra-loose policy, Reuters reported.
Key comments
One must pay full attention to the risk that rising inflation will put downward pressure on the economy.
The budget reserve is likely to be used to cover the cost of the national funeral for former President Abe.
Monetary policy depends on the BoJ.
Export growth is not keeping pace with the weakening yen.
Usually, rate hikes could hamper economic growth.
It is difficult to point to a specific factor as the cause of the trade deficit.
Source: Fx Street
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