Bank of Japan chief signals further rate hikes to prevent sharp inflation

Bank of Japan Governor Kazuo Ueda underscored Monday that raising interest rates would be essential to prevent sharp inflation and ensure long-term economic growth, in remarks that could fuel market expectations the central bank is close to another rate hike.The BOJ will continue to raise its policy rate if the economy and prices move in line with expectations, Ueda said in a speech, adding it is also closely monitoring the weakening yen. The Japanese currency has been under pressure after Donald Trump's victory in the U.S. presidential election triggered a rally in the dollar.His remarks c…READ FULL ARTICLE