Japan’s real rates clearly remain in negative territory even with last week’s interest rate hike, and the Bank of Japan will keep raising rates if its economic outlook is realized, according to Deputy Governor Ryozo Himino.

TOKYO: Bank of Japan (BoJ) governor Kazuo Ueda has raised interest rates to the highest level since 2008, avoiding market turmoil by carefully signalling his plans to investors.

TOKYO--Bank of Japan deputy Gov. Ryozo Himino said Thursday that real interest rates shouldn't remain negative once the economy overcomes its challenges, reaffirming the central bank's promise to keep raising its policy rate.