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BOJ Will Debate This Month Economy and Price Risks, Ueda Says
Governor Kazuo Ueda said the board will weigh whether economic data and price pressures justify another rate increase later this month.
- On Tuesday in Asheville, North Carolina, Bank of Japan Governor Kazuo Ueda said the central bank will debate economy and price risks at its policy meeting on September 17-18.
- With overnight index swaps implying a roughly 99 per cent probability of a September hike, Governor Ueda pointedly avoided pushing back against expectations for a rate increase on September 18.
- "We have raised our policy rate five times so far, so we need to carefully scrutinize how the cumulative impact of the moves could affect the economy," Ueda said, noting the price trend is very close to the BOJ's 2 per cent target.
- US Treasury Secretary Scott Bessent stepped up calls for policy action this week, while Ueda and Katayama sought to calm markets after Japan's benchmark 10-year bond yield hit 3 per cent on Tuesday.
- Prime Minister Sanae Takaichi's fiscal ambitions are in sharper focus as Japan's ministries request record spending for the next fiscal year, with the government seeking to end the practice of compiling supplementary budgets.
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Global Market: BOJ’s Ueda signals fresh rate hike discussion at September meeting
The Bank of Japan is set to debate a September rate hike as Governor Kazuo Ueda signals that policymakers will closely assess rising inflation risks, the weak yen and global economic conditions. Markets are increasingly pricing in a rate increase, with Japanese bond yields climbing to multi-decade highs.
·India
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BOJ chief vows to keep raising rates, debate price risks this month
Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will continue to raise interest rates as financial conditions remain accommodative, and debate this month whether upside inflation risks were heightening.
·London, United Kingdom
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Total News Sources17
Leaning Left0Leaning Right4Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 36%
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