BOJ's Nakamura urges caution in raising interest rates
BY Reuters | ECONOMIC | 12/04/24 08:46 PM ESTHIROSHIMA, Dec 5 (Reuters) - Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must move "cautiously" in raising interest rates, as smaller firms have yet to see profitability strengthen enough to weather higher borrowing costs.
"I am personally not confident about the sustainability of wage growth," Nakamura said in a speech to business leaders in the western Japan city of Hiroshima. (Reporting by Leika Kihara; Editing by Himani Sarkar)