Shinsuke Oyama, the Bank of Japan’s Fukuoka Branch Manager, highlighted the central bank’s ongoing commitment to maintaining a supportive financial environment in Kyushu and Okinawa. This follows the BoJ’s decision to end its long-standing negative interest rate policy and implement an interest rate hike for the first time in 17 years. He explained that the policy adjustment was a response to the positive outlook on sustained and stable increases in wages and prices. Despite some economic challenges, including weak personal consumption and exports, he stated the regional economy is gradually recovering and emphasized the central bank’s role in supporting this upturn through its monetary policy. Source: Bank of Japan Fukuoka Branch / NHK
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