Bank of Japan: If US Tariff Impact Is Limited, Rate Hikes May Resume by Year-End

According to a report by Jinse Finance, a summary of opinions from the Bank of Japan's July monetary policy meeting released on Friday revealed that one committee member stated that if the economic impact of US tariffs proves to be limited, the Bank of Japan may end its current wait-and-see approach and resume interest rate hikes before the end of this year. Another member pointed out that the Bank of Japan's current policy rate is 0.5%, which is below the level considered neutral for the economy, and therefore the central bank must continue to raise rates. (Jin10)