Bank of Japan signals potential interest rate hikes, depending on wage and inflation data.

Bank of Japan Governor Kazuo Ueda indicated that interest rate hikes are approaching, contingent on economic data, particularly wage trends and inflation. Ueda highlighted the importance of monitoring wage negotiations for 2025 and noted that traders see a 60% chance of a rate increase in December. The central bank aims to achieve a 2% inflation target and is cautious about the impact of yen depreciation and U.S. economic policies.

November 29, 2024
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