BOJ Governor Ueda Indicates Wage Trends Will Influence Rate Hikes

Reported 11 days ago

Bank of Japan Governor Kazuo Ueda stated that interest rate increases are approaching as inflation aligns with the bank's forecasts, emphasizing the importance of wage trends in decision-making. He hinted at a potential rate hike in December, particularly as inflation in Tokyo has met expectations. Ueda also acknowledged the complexity of predicting future policy moves due to uncertain economic conditions, especially concerning the US economy.

Source: YAHOO

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