Deputy Governor of the Bank of Japan sends a clear signal: will continue to advance the pace of interest rate hikes.

According to the Wise Finance and Economics App, Hiroshi Nakaso, Deputy Governor of the Bank of Japan, clearly stated on Tuesday that continuing to raise interest rates is an appropriate policy choice based on the improvement in the economy and prices. He emphasized that despite the Bank of Japan raising interest rates three times, the real interest rates in Japan remain significantly low due to persistent inflation, and there is still room for the normalization of monetary policy.