Japan’s finance minister eyes future rise in interest rates -Nikkei By Reuters

© Reuters. Japanese Finance Minister Shunichi Suzuki attends a news conference after a meeting of G7 leaders on the sidelines of G20 finance ministers’ summit on the outskirts of Bengaluru, India, February 23, 2023. REUTERS/Samuel Rajkumar

TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said there will likely come a time when the country’s interest rates will begin to rise and affect the economy through various channels, according to an interview with the newspaper that ran on Saturday.

“The Bank of Japan holds jurisdiction over monetary policy. But there will be a phase when interest rates go up,” Suzuki was quoted as saying in the interview.

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