BOJ deputy governor Himino calls for 'timely' rate hike

Thu, August 27, 2026 at 2:02 AM UTC

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URAWA, Japan, Aug 27 (Reuters) - Bank of Japan Deputy Governor Ryozo Himino said on Thursday raising interest rates in a timely manner will help avoid a spike in inflation that would require abrupt rate hikes in the future.

"If underlying inflation deviates above our 2% target, that would have an adverse impact on the economy. We should pay greater attention to upside risks to prices than in the past," Himino said in a speech to business leaders.

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"In-depth deliberations should be held at each monetary policy meeting with these perspectives in mind," he said.

(Reporting by Leika Kihara and Makiko Yamazaki; Editing by Christian Schmollinger)

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Source: “AOL Money”