Governor of the Bank of Japan Kazuo Ueda He noted some potential positive aspects of raising interest rates under normal economic conditions, while also reiterating his pledge to patiently continue monetary easing in the pursuit of stabilizing inflation.
“The most obvious benefit of a slightly positive inflation rate is that there is more room for monetary policy responses to an economic downturn,” Ueda said in a speech Monday at a conference hosted by Keidanren, Japan’s largest business lobby, in Tokyo.