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MNI BOJ WATCH: Ueda Says BOJ Has Time To Watch Price Moves

Governor Ueda shared his outlook for BOJ policy.

MNI (TOKYO) - Yen strengthening over the past two months has eased upside inflation risks and made a rate hike less necessary in the short term, Bank of Japan Governor Kazuo Ueda said on Friday, following the board’s decision to hold its policy rate at 0.25%.

Ueda downplayed the potential for a 2024 rate hike, despite conceding the economy and prices remained on track, noting uncertainty on the U.S. and global economy would drive financial market volatility and BOJ caution. 

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MNI (TOKYO) - Yen strengthening over the past two months has eased upside inflation risks and made a rate hike less necessary in the short term, Bank of Japan Governor Kazuo Ueda said on Friday, following the board’s decision to hold its policy rate at 0.25%.

Ueda downplayed the potential for a 2024 rate hike, despite conceding the economy and prices remained on track, noting uncertainty on the U.S. and global economy would drive financial market volatility and BOJ caution. 

Keep reading...Show less