BoJ Governor Signals Continued Rate Hikes Amid Global Inflation Pressures

The Iran war has significantly exacerbated the EU's internal rift over climate policy, with rising energy prices prompting several member states to advocate for relaxing emissions trading rules. Concurrently, global central banks, including the BoJ, are signaling further rate hikes to combat inflation fueled by the energy shock, creating a stagflationary dilemma. The G20 is convening to coordinate responses, but the EU faces limited options to mitigate economic strain.