Small but rising opposition party warns BOJ raising rates too rapidly

The head of the rising opposition party Sanseito, Sohei Kamiya, warned that the Bank of Japan (BOJ) may be increasing interest rates too quickly, potentially harming the economy. As Japan approaches a general election, Kamiya emphasized the need for cautious rate hikes and proposed tax cuts to revitalize the economy. He expressed concerns about the BOJ's independence affecting economic policies and highlighted the party's broader appeal with tough immigration policies and support for households facing rising prices.