--- title: "Bank of Japan Governor vows to continue raising interest rates while monitoring the Iran conflict" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/277736942.md" description: "Bank of Japan Governor Kazuo Ueda stated that if economic forecasts come true, interest rates will continue to rise, but conflicts in the Middle East may impact global growth. He pointed out that rising oil prices could worsen Japan's trade conditions, affecting the economy and inflation expectations. The Bank of Japan raised interest rates to 0.75% in December and hinted at further rate hikes, but uncertainties in the Middle East situation may lead to delays in rate increases. Ueda emphasized that the central bank is carefully analyzing the impact of exchange rate fluctuations on inflation" datetime: "2026-03-04T06:58:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277736942.md) - [en](https://longbridge.com/en/news/277736942.md) - [zh-HK](https://longbridge.com/zh-HK/news/277736942.md) --- > 支持的语言: [English](https://longbridge.com/en/news/277736942.md) | [繁體中文](https://longbridge.com/zh-HK/news/277736942.md) # Bank of Japan Governor vows to continue raising interest rates while monitoring the Iran conflict Bank of Japan Governor Kazuo Ueda stated that if economic forecasts materialize, the central bank will continue to raise interest rates, but he warned that the Middle East conflict could impact global growth, necessitating vigilance. As the escalation of the Middle East conflict boosts safe-haven demand and drives oil prices sharply higher, global stock markets have fallen, intensifying investor concerns about inflation. In a speech to the Diet, Bank of Japan Governor Ueda indicated that developments in the Middle East could have a significant impact on the global economy, including Japan, through rising energy costs and market volatility. Ueda stated on Wednesday, "The rise in crude oil prices will worsen Japan's trade conditions and harm the economy, which in turn could exert downward pressure on potential inflation." He added, however, that if oil prices continue to rise, they could also push up potential inflation by increasing households' and businesses' medium- to long-term inflation expectations. These remarks highlight the challenges the Bank of Japan faces in determining the timing of its next interest rate hike, as the uncertainty surrounding the Middle East conflict casts a shadow over the fragile economic outlook. "If the economic and price trends align with our median forecasts each quarter, we will continue to raise interest rates," Ueda said when asked if the conditions for another rate hike have been met. The Bank of Japan raised interest rates to 0.75% in December, the highest level in 30 years, marking another milestone in ending decades of massive monetary support, indicating its confidence that Japan is moving towards achieving a sustained 2% inflation target. Senior officials at the Bank of Japan have hinted at a readiness to continue raising still-low interest rates, but have provided little indication of when the next rate hike might occur. Sources indicate that the new market volatility triggered by the Middle East conflict increases the likelihood that the Bank of Japan will pause rate hikes in March. Japan relies almost entirely on imported fuel, making its economy vulnerable to the impacts of rising oil prices. Higher fuel prices will exacerbate inflationary pressures caused by the weak yen, while a weak yen raises the cost of imported raw materials. When asked about the recent decline of the yen, Ueda also stated that the Bank of Japan is "carefully analyzing" how exchange rate fluctuations affect inflation, as businesses have become more eager to pass on increased import costs due to the weak yen. He also mentioned that Japan needs to significantly raise wages to sustainably and stably achieve the 2% inflation target. Ueda stated, "The Bank of Japan cannot exert a strong influence on real wage growth," as real wage growth is primarily determined by medium- to long-term labor productivity. "But we will implement monetary policy to ensure that Japan can sustainably and stably achieve its inflation target, accompanied by wage growth." The weak yen has become a political dilemma for policymakers, as it raises import costs and consumer inflation. At the same parliamentary session, Finance Minister Shunichi Suzuki stated that the government is prepared to take decisive action, including currency intervention ### 相关股票 - [Huaan MUFG N225 ETF(QDII) (513880.CN)](https://longbridge.com/zh-CN/quote/513880.CN.md) - [Pro Ultr Yen (YCL.US)](https://longbridge.com/zh-CN/quote/YCL.US.md) - [Pro Ultrshrt Yen (YCS.US)](https://longbridge.com/zh-CN/quote/YCS.US.md) - [ChinaAMC Nomura N225 ETF(QDII) (513520.CN)](https://longbridge.com/zh-CN/quote/513520.CN.md) - [CSOP NIKKEI225 (03153.HK)](https://longbridge.com/zh-CN/quote/03153.HK.md) - [Currencyshares JPY Trust (FXY.US)](https://longbridge.com/zh-CN/quote/FXY.US.md) ## 相关资讯与研究 - [Pricier fuel hits Tokyo cherry blossom river cruises ](https://longbridge.com/zh-CN/news/281140182.md) - [BoJ leans toward further hikes but flags oil-driven stagflation risks](https://longbridge.com/zh-CN/news/280928075.md) - [BOJ to raise rates with eye on Iran war fallout, central bank official says](https://longbridge.com/zh-CN/news/281601234.md) - [BOK gov nominee Shin: Korean won liquidity is good](https://longbridge.com/zh-CN/news/281097264.md) - [Thailand to Hold Off on Interest Rate Hike Despite Inflation Risks](https://longbridge.com/zh-CN/news/281627116.md)