BOJ Governor Kazuo Ueda suggests potential July interest rate hike if more confident in inflation target.
BOJ Governor Kazuo Ueda said that the bank could raise interest rates at the July meeting if it becomes more confident about achieving its inflation target. However, he noted that the bank is not yet fully confident in reaching the goal. The decision on bond purchases and rate increases are separate matters, and Ueda stated that the bank could raise interest rates in July, depending on economic data.
June 18, 2024
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