Japanese Economic Minister: Close Attention Needed to Economic Outlook After Bank of Japan Raises Interest Rates

Japanese Minister of Economy and Finance Toshihiro Nikai stated on Friday that he respects the decision of the Bank of Japan to raise interest rates to 0.75%, but it is necessary to closely monitor the economic outlook. He said, "When formulating economic and fiscal policies, we believe it is important to closely monitor several factors such as the impact of US trade policy, the effects of sustained price increases on private consumption, and the volatility of financial and capital markets." Nikai stated that it is important to continue implementing appropriate monetary policies to achieve strong economic growth and stable inflation.