Former Governor of the Central Bank of Japan Haruhiko Kuroda expects more interest rate hikes.

Jinshi data, January 8th news, Haruhiko Kuroda, the former head of the Japanese Central Bank, who is known for launching a large-scale stimulus plan for a decade, said that the Japanese Central Bank may continue to raise Intrerest Rate in the next few years as inflation is expected to sustainably reach the 2% target. “Despite the expected rate hike, with actual wages pump support consumption, the growth rate of the Japanese economy this year and beyond will exceed 1%. The basic stance of gradually raising rates while following the economic and price developments seems unchanged, as a wage-inflation positive cycle continues, which may keep inflation steadily at the 2% target level. It is currently uncertain how much the Japanese Central Bank will ultimately raise Intrerest Rate, as it is difficult to estimate a level that will neither cool down the Japanese economy nor overheat the economy.”