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BOJ Policy Board Member Calls for Rate Hike on May 14 Amid Inflation Concerns

2026-05-14 04:54:03

According to Jin10, on May 14, Bank of Japan policy board member Ichiro Masuda called for raising interest rates without delay if there are no clear signs of economic deterioration. Masuda cited persistent inflation risks stemming from Middle East tensions affecting fuel prices. "If statistical data shows no clear signs of economic downturn, I believe it is appropriate to raise rates soon," Masuda said. While acknowledging that fuel price increases from regional conflicts may be temporary, he warned of sustained upward pressure on logistics costs and consumer prices, stating that these factors could represent longer-term inflationary trends rather than temporary shocks.

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