Reported about 1 year ago
Bank of Japan Governor Kazuo Ueda remains optimistic about the economic recovery, indicating a potential interest rate hike despite a first-quarter GDP contraction. Ueda highlighted the importance of the U.S. economy's performance as a key risk to global growth at the upcoming G7 finance leaders' meeting. He expressed confidence in Japan's economy rebounding in the second quarter, with expectations of recovering auto production and easing inflationary pressures, signaling the possibility of a rate hike later this year.
Source: YAHOO