Economy
BoJ Governor: Need to Thoroughly Discuss Rate Hike Despite Middle East Instability
Bank of Japan (BoJ) Governor Kazuo Ueda said the central bank needs to 'thoroughly discuss' raising its policy rate at a meeting later this month, despite ongoing instability in the Middle East. Ueda emphasized that the BoJ will assess geopolitical impacts on Japan's economy, but rate decisions will still be based on inflation and growth outlooks. The May monetary policy meeting is set for May 29-30, with analysts expecting a cautious pace of rate hikes.