Bank of Japan may raise rates by June as Iran war fuels inflation, its ex-top economist says
Inflatie
TOKYO, March 26 : The Bank of Japan is likely to raise interest rates by June, as rising oil costs from the Iran war heightens the chance of being too late in addressing the risk of too-high inflation, its former top economist Seisaku Kameda said on Thursday. Unless the Iran war triggers a severe global recession, the BOJ has little choice but to further raise the rates as the oil shock would add inflationary pressure to an economy already experiencing a steady rise in prices and wages, he said.
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