Keizai Doyukai Chairman Akio Yamaguchi said at a press conference on the 18th that the Bank of Japan's decision to raise interest rates at its monetary policy meeting the same day was "an appropriate level for the business community." Yamaguchi noted that bank lending is growing strongly and that "the economy is very strong," and said inflation is also expected to rise. He expressed the view that with the economy firming up overall, the BOJ is raising interest rates to maintain balance.
BOJ raised interest rates, pushing the 10Y JGB yield up and bond prices down.
