Bank of Japan’s Himino says policy will remain data-dependent as core inflation approaches 2% target.
Bank of Japan Deputy Governor Himino indicated the central bank is likely to continue raising interest rates, citing economic, price, and financial trends. Core inflation is nearing the 2% threshold, though rising oil prices pose growth risks.
Himino noted that recent price increases extend beyond temporary supply shocks, raising concerns about inflation straying from the target. The BoJ will weigh the pace and timing of hikes, monitoring risks to its baseline scenario.
USD/JPY edged lower by 0.06% to 161.21 following the remarks, reflecting market sensitivity to potential policy shifts.