9 Articles
9 Articles
According to the Minister of Finance of Japan, she does not expect that the hospitalization of the head of the Bank of Japan, Oued Kazuo, will affect the bank's meeting on monetary policy next week.
Bank of Japan Poised for Interest Rate Hike to Highest Level Since 1995
The Bank of Japan is widely expected to raise interest rates to 1% next week, a level that would mark a 31-year high, while signaling a more cautious approach to future tightening as it weighs inflation risks and global economic uncertainty, according to Reuters. The move, anticipated at the central bank’s June 16 meeting, would lift rates from 0.75% and be the first hike since December. It would also continue the bank’s shift away from its long…
Bank of Japan Governor Ueda Hospitalised
Bank of Japan Governor Kazuo Ueda has been hospitalised for medical treatment and will miss the June 15 to 16 policy meeting, the central bank said on Wednesday. Deputy Governor Ryozo Himino will preside over the rate review in place of Ueda, while the other deputy governor, Shinichi Uchida, is set to host the post-meeting press conference, the BOJ said. Ueda, 74, is expected to remain in hospital for about two weeks getting treatment for an i…
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