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

19 Jun 2026 08:25AM

TOKYO, June 19 : 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 per cent 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 per cent 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.

Source: Reuters