Bank of Japan Governor Kazuo Ueda's efforts to lift rock-bottom borrowing costs face fresh challenges as a yen rebound and the new political leadership's preference for loose monetary policy raise the hurdle for rate hikes.

The Bank of Japan should weigh any additional interest-rate increases carefully in order to avoid the risk of cooling the economy too much, the country’s new economics minister said.

The Bank of Japan will keep seeking the best timing to raise interest rates again as economic conditions continue to improve, according to former BOJ board member Takako Masai.

By bno - Taipei Office Japan's new Prime Minister Shigeru Ishiba is stepping into office with ambitious plans, but his proposal to raise the capital gains tax could complicate the Bank of Japan's (BOJ) strategy for further monetary tightening.