The Bank of Japan's survey shows that some Japanese people have already felt the impact of interest rate hikes.
Jin10 data July 14 - The consumer survey released by the Bank of Japan on Monday shows that some Japanese people have begun to feel the impact of the Bank of Japan's interest rate hikes. Approximately 21.2% of respondents indicated that interest rates are too high, compared to 19.3% in the March survey. Bank of Japan policymakers have repeatedly stated that real interest rates remain very low, and if economic conditions improve, the Central Bank will continue to tighten monetary policy. However, some economists suggest that the Central Bank should consider any further actions more cautiously, as interest rates will reach levels not seen in the past thirty years after the next rate hike.