Bank of Japan Governor Kazuo Ueda suggests a potential near-term rate hike due to accelerating inflation from summer to autumn.
Bank of Japan Governor Kazuo Ueda hints at a possible near-term rate hike as inflation is expected to accelerate from summer to autumn due to higher wages. This is his strongest indication yet, driving two-year Japanese bond yields to their highest in over a decade. The central bank may respond with monetary policy if significant currency moves drive inflation and wages, potentially affecting the timing of the next rate hike.
April 07, 2024
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