BOJ Governor Ueda signals continued gradual interest rate hikes as Japan's economy improves.

Bank of Japan (BOJ) Governor Kazuo Ueda indicated that the central bank will continue to raise interest rates gradually as the economy and prices improve. The next rate hike is uncertain and will depend on various factors, including global economic conditions and domestic wage trends. Ueda emphasized a cautious and adaptable approach to monetary policy, noting the economy's progress toward sustained inflation supported by rising wages. The BOJ ended its negative rate policy earlier this year and raised rates in March and July.

November 18, 2024
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