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Investing.com -- The Bank of Japan’s newly appointed board member Kazuyuki Masu advised against hasty interest rate increases on Tuesday, citing various economic risks.
"It’s true real interest rates are negative. But given recent economic developments, the BOJ shouldn’t be in a rush to raise rates," Masu stated during his first press conference after officially joining the nine-member board.
Masu noted that corporate activity in Japan appears stable despite uncertainties surrounding potential U.S. tariff impacts, as evidenced by the BOJ’s tankan quarterly survey released Tuesday.
However, he emphasized caution regarding ongoing Japan-U.S. trade negotiations. "Japan’s trade negotiations with the U.S. are still ongoing, so we must scrutinise developments," Masu said.
Masu also expressed agreement with the BOJ’s position that underlying inflation, which reflects domestic demand strength, remains below the central bank’s 2% target.
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