Reported about 15 hours ago
The Bank of Japan (BOJ) faces a complex situation following Sanae Takaichi's leadership victory in the ruling party, which could hinder Governor Kazuo Ueda’s plans for an interest rate increase amid rising inflation. With Takaichi previously criticizing rate hikes, Ueda now has to navigate a politically charged environment while maintaining the BOJ's independence. Analysts suggest that Ueda’s potential decision to delay a rate hike in October, which may weaken the yen further, could be seen as a response to Takaichi’s influence. The dynamics within the BOJ and its relationship with the government may shift significantly as Takaichi ascends to power.
Source: YAHOO