Kuroda Says BOJ Needs to Gradually Raise Rates as Middle East Tensions Complicate Policy

Kuroda Haruhiko, former governor of the Bank of Japan, said the central bank undoubtedly needs to gradually increase its policy rate because real borrowing costs remain deeply negative, though Middle East tensions have made policy decisions more difficult. The observation reflects the BOJ's ongoing balancing act between addressing negative real rates and managing external geopolitical risks.
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