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BOJ: Ueda: May Not Have Enough Information To Hike In January

BOJ
Central Bank NewsAPACJapanBank of JapanBulletMarketsFixed Income BulletsForeign Exchange Bullets

USDJPY is now 1% higher on the session, as BoJ Governor Ueda notes that the bank cannot say if it will have enough information to hike by the next meeting in January.

  • He notes that although a certain degree of information will be in hand by January, the "big picture" of the wage trend will be clear only in March or April.
  • On inflation, Ueda notes that the impact of Trump's policies remains unclear for now (echoing the sentiment of the ECB, for example).
  • He says that the BoJ will be watching the FX impact on prices while import prices are cooling.
  • Source: BBG headlines.
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USDJPY is now 1% higher on the session, as BoJ Governor Ueda notes that the bank cannot say if it will have enough information to hike by the next meeting in January.

  • He notes that although a certain degree of information will be in hand by January, the "big picture" of the wage trend will be clear only in March or April.
  • On inflation, Ueda notes that the impact of Trump's policies remains unclear for now (echoing the sentiment of the ECB, for example).
  • He says that the BoJ will be watching the FX impact on prices while import prices are cooling.
  • Source: BBG headlines.