Reported 5 days ago
Bank of Japan Governor Kazuo Ueda's cautious remarks about the timing of a potential interest rate hike at the upcoming December meeting have led to a weakening of the yen, which fell to 155.14 against the dollar. In his speech, Ueda emphasized the policy will depend on economic conditions and refrained from signaling any imminent increase, despite market expectations. Analysts interpret his remarks as a sign that the bank is wary of further currency depreciation, monitoring various risks before making any decisions but still indicating a future path toward higher rates.
Source: YAHOO