BOJ chief vows to debate ’pros and cons’ of rate hike, signals June action By Reuters
• Bank of Japan (BOJ) Governor Kazuo Ueda signaled potential interest rate action in June, stating he will debate the "pros and cons" of a hike. • Ueda emphasized that the central bank must prioritize the risk of an inflation overshoot caused by Middle East conflicts and rising crude oil prices over potential economic downturns. • The decision is driven by the "secondary spillover effects" of energy shocks, which the BOJ believes are more likely to push underlying inflation above targets.
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