％Japan Government Bond 10Y
JP-10Y
▲ PositiveMonetaryrelevance
BOJ Governor signals further rate hikes, pushing yields up.
Impact on stocks 1
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BOJ Governor to Discuss Further Rate Hikes at Every Meeting
MacroDigital Finance
Bank of Japan Governor Kazuo Ueda said on the 1st, at a press conference following the G20 Finance Ministers and Central Bank Governors meeting, that regarding further rate hikes, "we will discuss thoroughly at every meeting, including the next monetary policy decision meeting." He also stated that the underlying inflation rate is "quite close to 2%," expressing confidence in achieving the target. He assessed that economic indicators since the July meeting "have been broadly in line with the outlook," and indicated that the pace of rate hikes would be considered in light of developments in the Middle East and the foreign exchange market. Although market expectations for a rate hike at the next meeting are strong, Ueda refrained from commenting on daily market movements.
BOJ Governor signals further rate hikes, pushing yields up.