Japan Finance Minister says rate hikes could hurt economic recovery
FILE PHOTO: Japanese Finance Minister Shunichi Suzuki attends the G20 Finance Ministers Meeting in Nusa Dua, Bali, Indonesia July 16, 2022. Sonny Tumbelaka/Pool via REUTERS
TOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that hiking rates could knock the economy's recovery, signaling support for the Bank of Japan's stance to keep monetary stimulus despite a global tightening trend amid rising inflation.
"Generally speaking, rate hikes could cause the economy to falter," Suzuki told reporters, when asked about the BOJ's decision on Thursday to retain its ultra-easy policies.
Source: Reuters
