Inflation: MUFG Chief Calls for BOJ Rate Hike

Japan’s prices are rising faster than expected. The country’s inflation rate has stayed above the Bank of Japan’s 2% target for months, leaving many of us asking: how long will the central bank keep money cheap? In early August, the chief of MUFG, Japan’s largest bank, urged the BOJ to raise interest rates sooner rather than later. His warning reflects growing concern that prolonged easy policy may hurt the yen and squeeze household budgets even more. We will explore what it means for Japan’s economy, the global markets are watching closely, and why this moment could be a turning point for Japanese monetary policy.