One of the Bank of Japan¡¯s newest board members alluded to a possible upward revision to the central bank¡¯s inflation view this month, an outcome that would keep open the possibility of another rate increase this year.
¡°Inflation for rice and food-related items has been stronger than expected,¡± Junko Koeda said Monday in her first media interview since joining the board in March. ¡°I¡¯m closely watching potential secondary effects on underlying inflation from rice, which is a staple food.¡±
Koeda spoke before U.S. President Donald Trump announced a new tariff level of 25% on Japan. The board member stressed there are high economic uncertainties stemming from the U.S. levies as she underscored the need to assess incoming data before considering any policy moves.
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