Japanese media: Sanae Takaichi conveyed her concerns about further interest rate hikes to Kazuo Ueda

SmartContractAuditor · 2026-02-24T07:51:19+00:00

Japanese Prime Minister Fumio Kishida met with Bank of Japan Governor Kazuo Ueda last week, expressing concerns about further interest rate hikes, which could complicate the Bank of Japan's plans. The yen weakened against the US dollar and euro, and market speculation suggests that the central bank may raise interest rates in March or April due to rising living costs.

SmartContractAuditor

2026-02-24 07:51:19

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Odaily Planet Daily reports that according to sources, Japanese Prime Minister Sanae Takaichi conveyed concerns about further interest rate hikes during a meeting with Bank of Japan Governor Kazuo Ueda last week. If the news is accurate, Takaichi’s recent refusal to raise interest rates again could complicate the Bank of Japan’s plans, as coordination with the newly appointed government becomes more challenging. Following this report, the Japanese yen weakened against the US dollar and euro. Ueda stated that last Monday’s meeting mainly involved general discussions on economic and financial conditions and that the Prime Minister did not make any specific monetary policy requests. Takaichi declined to comment on the details of their meeting, only expressing her hope that the central bank would work closely with the government to achieve its 2% inflation target along with wage growth. Market participants speculate that rising living costs due to a weak yen may prompt the Bank of Japan to consider raising interest rates in March or April. (Jin10)

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