RSS Bank of Japan Governor Ueda gives little clue on timing of rate hikes - data dependent

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 RSS Bank of Japan Governor Ueda gives little clue on timing of rate hikes - data dependent

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Bank of Japan Governor Ueda comments:

  • virtuous cycle strengthened gradually last year
  • plans to increase interest rates with continued economic improvements
  • timing on adjustment is dependent on economy and inflation
  • momentum for wage increases is key
  • must be vigilant to various risks in deciding timing for adjusting degree of monetary support
  • hopes that wage, prices increase at balanced pace in 2025

Japanese markets opened today for the first time in 2025.

The yen has lost some ground but USD/JPY has not pierced 158.00, yet at least:

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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