Japanese Economy Minister: The Bank of Japan needs to pay close attention to the economic outlook after raising interest rates

Japan's Economy and Finance Minister Minoru Tomauchi said on Friday that he respected the Bank of Japan's decision to raise interest rates to 0.75 percent, but that it was necessary to closely monitor the economic outlook. "When formulating economic and fiscal policies, we believe that several factors need to be closely watched, such as the impact of U.S. trade policy, the impact of continued price increases on private consumption, and volatility in financial and capital markets," he said. Tomauchi said it was important to continue to implement appropriate monetary policies to achieve strong economic growth and stable inflation. (Jin Ten)