Tuesday, December 05, 2006

Fukui > Proceed with rate hike slowly

BoJ Governor Fukui Speech
“If the economy and prices develop in line with our medium-term outlook, we will maintain low interest rates and gradually make adjustments to interest rates. We will proceed with rate hikes slowly, which is not to hurt economic expansion but to support sustained growth. At every board meeting, we discuss economic and inflation developments and other various issues. We will continue checking data against our outlook.”