BoJ's Ueda: July rate hike possible based on data - Breaking The News

BoJ's Ueda: July rate hike possible based on data

14 June

1 min read

EPA-EFE/KIMIMASA MAYAMA

Bank of Japan (BoJ) Governor Kazuo Ueda suggested on Friday that a rate hike in July is "naturally possible" depending on economic data.

During a press conference, Ueda stressed the BoJ's commitment to making careful decisions on government bond purchases, emphasizing the importance of data-driven actions. On other topics, the BoJ chief declined to comment on forex moves when asked about the potential reversal of the yen's weakness.

Moreover, Ueda highlighted the impact of widespread wage hikes, predicting they would lead to further increases in service prices.

boj ueda

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