In a recent interview with Jiji Press, BWC Member Paul Sheard discusses the Bank of Japan’s monetary policy and argues that the central bank should continue raising interest rates to address inflation driven by higher import prices and a weaker yen. He explains why the Bank of Japan is now in a position to take a bolder approach after years of cautiously guarding against a return to deflation. The interview also examines what additional rate hikes could mean for Japan’s economy and the central bank’s policy outlook in the months ahead.

To read the full interview, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.