RSS BoJ Gov Ueda says will raise policy rate if economic, price conditions continue to improve

[Crax Bot]

Bank of Japan Governor Ueda

• BOJ would raise the policy rate this year if economic and price conditions continue to improve.
• He also noted that the approach to monetary policy adjustments will depend on prevailing economic, price, and financial conditions at the time.
• Ueda highlighted that the policy outlook of the new U.S. administration and domestic wage negotiations are critical factors in the BOJ’s policy decisions.
• He mentioned that the central bank would discuss whether to raise rates at next week’s meeting.

USD/JPY not showing too much response to these repeated remarks:

Earlier:

• ICYMI: Nomura are now forecasting a Bank of Japan (BoJ) interest rate hike next week
• A majority of Japanese companies see wage hikes as a priority investment area this year
• Japan December PPI +0.3% m/m (expected +0.4%) 3.8% y/y (expected 3.8%)
• USD/JPY back under 156.00
• Bloomberg says Bank of Japan likely to hike rates next week
• Recapping Japan's wholesale inflation data earlier - helping to fuel rate hike chatter

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

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