Reported 8 months ago
Bank of Japan Governor Kazuo Ueda expressed openness to a potential interest rate increase in July, regardless of doubts in the market, after announcing plans for quantitative tightening through a reduction in bond purchases. While some economists adjusted their expectations for a rate hike, Ueda's remarks hint at the possibility of a July hike based on economic data, inflation, and financial conditions, helping relieve pressure on the yen. Speculation continues over the scale of bond purchase cuts and the true intentions behind Ueda's comments on rates, as analysts attempt to interpret his academic background and strategic messaging.
Source: YAHOO