According to Jinshi Data, former Bank of Japan Governor Haruhiko Kuroda said that the Bank of Japan may continue to raise interest rates in the next few years as inflation is expected to continue to reach the 2% target.
Kuroda said Japan’s economy will grow by more than 1 percent this year and beyond as rising real wages support consumption.
He stressed that the BOJ's basic stance of gradually raising interest rates while paying attention to economic and price developments seems to have not changed, as the positive wage-inflation cycle is likely to keep inflation steadily at the 2% target level.
It is uncertain how much the Bank of Japan will ultimately raise interest rates, as it is difficult to estimate the interest rate level that neither cools Japan's economy nor overheats it.