Nation

BOJ to continue raising rates with eye on inflation risk, deputy governor says

By Reuters Reuters
Bank of Japan Deputy Governor Ryozo Himino speaks during an interview with Reuters in Tokyo, Japan, June 28, 2023. REUTERS/Kim Kyung-Hoon
Bank of Japan Deputy Governor Ryozo Himino speaks during an interview with Reuters in Tokyo, Japan, June 28, 2023. REUTERS/Kim Kyung-Hoon KIM KYUNG-HOON Reuters

TOKYO - Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will continue to raise interest rates with an eye on the risk of underlying inflation overshooting its 2% target.

"There is a risk underlying inflation may deviate upward from our target," Himino told parliament while explaining why the BOJ decided to raise its policy rate to 1% on Tuesday.

When asked about the weak yen, Himino said the BOJ was closely watching currency moves as among key factors affecting the economy and inflation.

(Reporting by Leika Kihara; Editing by Himani Sarkar)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published June 18, 2026 at 8:25 PM.