BOJ Governor Kazuo Ueda signals possible rate hike due to weak yen impact on the economy and inflation.
BOJ Governor Kazuo Ueda indicated a possible rate hike by the central bank in response to a weak yen, signaling a shift in focus towards the impact of currency movements on the economy and inflation. Ueda's remarks followed a meeting with Prime Minister Fumio Kishida and highlighted growing concerns over the yen's declines. The governor stated that exchange-rate moves could have a significant impact on the economy and inflation, potentially necessitating a monetary policy response.
May 07, 2024
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