BoJ ties yen moves to higher inflation risk, signaling possible faster rate hikes
TL;DR Summary
BoJ Deputy Governor Himino said the bank will continue raising rates with pace guided by the evolving baseline and risks; underlying inflation is nearing 2% but faces upside risk, and yen depreciation now has a larger inflation impact due to changes in corporate behavior, giving the BoJ room to accelerate hikes if FX weakness persists while stressing that policy does not target exchange rates; markets watched USD/JPY spike toward 161.8 before reversing.
- BoJ's Deputy governor warns yen moves now carry bigger inflation punch than in the past investingLive
- BOJ flags risk of inflation overshoot, signals rate-hike intent Reuters
- BOJ’s Himino Sees Risk of Price Trend Rising Above 2% Target Bloomberg.com
- Japan Raises Rates to 31-Year High to Ward Off War Inflation The New York Times
- BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes WSJ
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