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MNI BRIEF: BOJ's Kuroda Says Hiking Interest Rates Undesirable

(MNI) Tokyo
(MNI) Tokyo

Bank of Japan Governor Haruhiko Kuroda said on Friday that raising interest rates or tightening credit is undesirable as Japan's economy is in the process of recovering from Covid disruptions.

“If the BOJ raises interest rates now or tightening credit grip, it will delay an economic recovery and reduce room for wages to rise, and is undesirable,” Kuroda told lawmakers.

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Bank of Japan Governor Haruhiko Kuroda said on Friday that raising interest rates or tightening credit is undesirable as Japan's economy is in the process of recovering from Covid disruptions.

“If the BOJ raises interest rates now or tightening credit grip, it will delay an economic recovery and reduce room for wages to rise, and is undesirable,” Kuroda told lawmakers.

Keep reading...Show less