TOKYO, June 19 : Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will continue to raise interest rates with an eye on the risk of underlying inflation overshooting its 2 per cent target.Wholesale inflation was accelerating at a somewhat fast pace as companies pass on rising costs fr

Bank of Japan is expected to raise rates to 1% as inflation, weak yen and energy costs push the central bank towards tighter monetary policy.

The Bank of Japan has increased its policy rate to 1.0 percent. This marks a 31-year high for interest rates. The move signals a strong focus on combating inflation. This is the…