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BoJ chief vows to keep raising rates with eye on Mideast conflict

malaya Business Insight

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March 05, 2026

Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will continue to raise interest rates if its economic and price forecasts materialise, while keeping a close eye on the fallout from the Middle East conflict.

BoJ chief vows to keep raising rates with eye on Mideast conflict

Bank of Japan Governor Kazuo Ueda attends a press conference after a BOJ policy meeting in Tokyo, Japan, January 23, 2026. — Reuters photo

(Reuters photo)

Speaking in parliament, Ueda said developments in the Middle East could have a huge impact on the global economy, including that of Japan, through rising energy costs and market moves.

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