Bank of Japan Governor Kazuo Ueda emphasizes no rush for rate hikes, prioritizing careful market and global economic assessment.

Bank of Japan Governor Kazuo Ueda stated the central bank is not in a hurry to raise interest rates, prioritizing careful assessment of market and global economic conditions. The BOJ will evaluate October's service-price data in November to gauge inflation trends towards the 2% target. Ueda highlighted potential risks, including financial market volatility and US economic uncertainties, while maintaining a gradual approach to policy adjustments.

September 24, 2024
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