Key facts
- Bank of Japan Deputy Governor Ryozo Himino cited a risk of accelerating price trends above the 2% inflation target.
- This risk was a key factor in the central bank's decision to raise interest rates.
- The central bank's target inflation rate is 2%.
Bank of Japan Deputy Governor Ryozo Himino has warned of a potential acceleration in Japan's price trend, which could push inflation above the central bank's 2% target. Himino stated that this risk was a significant factor influencing the decision to implement an interest rate hike earlier in the week. The Bank of Japan aims to maintain price stability around its 2% inflation objective.