Japan's central bank should gradually hike rates to 1%, Suntory CEO says
MUMBAI - The Bank of Japan should continue to gradually increase its interest rates up to the level of 1% by next year, Suntory Chief Executive Takeshi Niinami said on Wednesday.
The comments came after Japan's central bank hiked interest rates to 0.25%, defying dominant market expectations to take its short-term policy rate to levels unseen since 2008, and also unveiled a detailed plan to slow its historic bond-buying binge. The yen has rallied around 7.4% in July from nearly 162 to the dollar, almost halving the U.S. unit's march higher on the Japanese currency since the beginning of 2024. On the day, the yen is trading 1.5% higher, at 150.47 to the dollar."Boston Beer is our partner to deal with 'Ready To Drink' in the United States, so we have no intention to negotiate, and they don't have no intention to negotiate with us," Niinami said."That's very clear.
To achieve this, Suntory will focus on growing its markets in China, Europe and the United States, Niinami said.Scan QR code to install app
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