Bond.az reports that Bank of Japan Deputy Governor Ryozo Himino said the central bank will consider the timing of interest rate hikes while monitoring how Middle East developments affect the economy and prices.
Speaking in parliament, Himino emphasized the importance of maintaining market confidence by adjusting monetary easing at an appropriate pace.
The benchmark 10-year Japanese government bond yield touched 2.8% last week, a level last seen in October 1996.
Himino added that the BOJ expects to continue raising policy rates given that real interest rates remain very low, but the timing will be carefully considered by analyzing Mideast impacts.
