Bank of Japan Signals Continued Rate Hikes as Inflation Approaches 2% Target

A post says Bank of Japan Governor Kazuo Ueda reaffirmed plans to keep raising interest rates as underlying inflation approaches 2%. It says economic conditions remain broadly in line with forecasts, while the timing and pace of future hikes will depend on currency movements, AI demand and Middle East developments. Another post, citing Bloomberg, quotes Ueda as saying he cannot tolerate underlying inflation rising further above 2%.