BOJ Chief Signals More Rate Hikes to Anchor Inflation
Bank of Japan Governor Kazuo Ueda signalled readiness to keep raising interest rates to prevent underlying inflation from overshooting the central bank target. Economic developments remain broadly in line with forecasts as solid business sentiment persists.
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Bank of Japan Governor Kazuo Ueda signaled readiness to keep raising interest rates to anchor underlying inflation around the central bank's 2% target. The remarks precede an October 30 policy meeting where new forecasts will clarify the timeline for tighter policy. Investors are tracking how inflation pressures impact the USD/JPY exchange rate.
