Taro Kono has been calling for higher Bank of Japan rates since at least the middle of 2024.
He is at it again, saying in a new conference its necessary to raise rates to boost JPY:
- cited the problems generated by the yen’s weakness against the dollar, including the inflationary effect on domestic prices
USD/JPY was around 158 in July 2024 when he first started making such noises, so he has had some satisfaction
This article was written by Eamonn Sheridan at investinglive.com.
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