BOJ Will Debate This Month Economy and Price Risks, Ueda Says
Governor Kazuo Ueda said the board will weigh whether economic data and price pressures justify another rate increase later this month.
- On Tuesday in Asheville, North Carolina, Bank of Japan Governor Kazuo Ueda said the central bank will debate economy and price risks at its policy meeting on September 17-18.
- With overnight index swaps implying a roughly 99 per cent probability of a September hike, Governor Ueda pointedly avoided pushing back against expectations for a rate increase on September 18.
- "We have raised our policy rate five times so far, so we need to carefully scrutinize how the cumulative impact of the moves could affect the economy," Ueda said, noting the price trend is very close to the BOJ's 2 per cent target.
- US Treasury Secretary Scott Bessent stepped up calls for policy action this week, while Ueda and Katayama sought to calm markets after Japan's benchmark 10-year bond yield hit 3 per cent on Tuesday.
- Prime Minister Sanae Takaichi's fiscal ambitions are in sharper focus as Japan's ministries request record spending for the next fiscal year, with the government seeking to end the practice of compiling supplementary budgets.
13 Articles
13 Articles
BOJ chief vows to keep raising rates, debate price risks this month
Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will continue to raise interest rates as financial conditions remain accommodative, and debate this month whether upside inflation risks were heightening.
BOJ’s Ueda to Decide on Policy With Upside Price Risks in Mind
Bank of Japan Governor Kazuo Ueda said the bank’s board would decide on policy with upside price risks in mind, a comment that may further fuel market speculation over a potential interest rate hike at a meeting later this month.
The New York Ledger
FXStreetBoJ’s Ueda says no comment on daily moves, markets price in high likelihood of September rate hike
Bank of Japan (BoJ) Governor Kazuo Ueda on Tuesday held talks with US Treasury Secretary Bessent on the sidelines of the G20, but giving no details on what was discussed. Ueda said central banks discussed the need for improved communication to achieve appropriate monetary policy as the global environment changes. He declined to comment on […] The post BoJ’s Ueda says no comment on daily moves, markets price in high likelihood of September rate h…
The market reflects a 94% probability of a September hike; attention is also focused on the Korean market, including the won-yen exchange rate. Amid intensifying U.S. pressure to correct the weak yen, the Bank of Japan has strongly hinted at the possibility of an additional interest rate hike this month. Bank of Japan Governor Kazuo Ueda stated, "We will definitely discuss interest rate hikes at every meeting," including the Monetary Policy Meet…
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