BoJ's Executive Director Nakamura says the BoJ will continue to raise interest rates while keeping a close eye on how the Middle East conflict affects the economy and underlying inflation, according to Reuters

Says:

• If our economic and price projections were to materialise, would likely continue to raise interest rates.
• Upward pressure from higher fuel costs on underlying inflation might be bigger than in the past as companies are becoming more eager to push up prices and wages.