Bank of Japan Deputy Governor Masayoshi Amamiya: Delaying interest rate hikes could lead to an economic downturn.

Bank of Japan Deputy Governor Masayoshi Amamiya stated that delaying interest rate hikes could lead to an economic downturn. While exchange rates are not a target of monetary policy, they are an important factor affecting prices. Wages are rising, with some companies, including small businesses, expecting wage increases this year to exceed those of last year. Prices of a wide range of goods and services are gradually increasing. Consumer spending remains resilient, providing a demand boost to prices.