Market News
BOJ to keep hiking rates if economy rebounds from tariff hit, deputy governor says - REUTERS
By Leika Kihara
TOKYO, May 19 (Reuters) - The Bank of Japan will continue to raise interest rates if the economy rebounds from an expected hit from higher U.S. tariffs, the central bank's deputy governor Shinichi Uchida said, while warning of a highly uncertain outlook.
Japan's underlying inflation will stay around the BOJ's 2% target if there is an economic rebound, Uchida told parliament.
He noted that recent gains in domestic prices were largely due to higher import costs and increasing food costs, such as for rice.
