BoJ’s Ueda indicates further rate hikes are likely if economic and price trends match projections
By:101 finance
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BoJ Governor Ueda Signals Further Rate Hikes Possible
Kazuo Ueda, the Governor of the Bank of Japan, indicated on Monday that the central bank is likely to continue increasing interest rates if economic growth and inflation develop as projected.
Highlights from Ueda's Remarks
- The Bank of Japan may proceed with additional rate hikes provided the economy and inflation align with their outlook.
- Modifying the level of monetary support is seen as a way to foster stable, long-term economic expansion.
- Ueda anticipates that Japan will maintain a positive cycle of gradual increases in both wages and prices.
Impact on Markets
At the time of reporting, the USD/JPY currency pair has risen by 0.18%, reaching 157.15.
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