Bank of Japan's Ueda Signals Possible Delay in Rate Hike, Yen Weakens

Reported 2 days ago

Bank of Japan Governor Kazuo Ueda suggested that a decision on the next interest rate hike might be postponed as more data on wages and U.S. policies are needed, causing the yen to drop significantly against the dollar. Ueda's comments indicated that while he is cautious about moving too quickly, he is open to future rate adjustments depending on economic conditions, with potential decisions aimed for January or March 2025.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis