Bank of Japan Pursues Rate Hikes Despite Global Uncertainty

The Bank of Japan (BOJ) is pressing ahead with interest rate increases, despite uncertainty surrounding President Trump’s trade policies and a potential slowdown in the US economy. Deputy Governor Shinichi Uchida emphasized that wage growth and rising prices are expected to continue, even if US tariffs affect global trade patterns. The BOJ remains focused on reaching its 2% inflation target, aiming to achieve this through continued rate hikes.