- The pace of inflation rise is expected to see upward pressure from higher oil prices
- Global markets are volatile with oil prices jumping significantly
- Risk factors now include Middle East conflict, oil prices, financial and also FX market developments
- Need to pay attention to those risks and how they affect Japan’s economy, prices
- Will continue to raise policy rate if economy, prices move in line with forecast
The full decision coverage from earlier: The Bank of Japan held its short-term policy rate at 0.75%, as widely expected
More to come..
This article was written by Justin Low at investinglive.com.
