Bank of Japan Governor acknowledges need for better communication after a surprise rate hike in July contributed to market downturn.

Bank of Japan Governor Kazuo Ueda has acknowledged the need for improved communication with markets following criticism of a surprise interest rate hike in July, which contributed to a market downturn. The BOJ is exploring strategies to clarify its messaging, potentially increasing media engagements to prevent future surprises. However, differing interpretations among policymakers may complicate a unified communication approach as further rate hikes are anticipated.

October 28, 2024
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