The yen advanced as much as 1% against the dollar, extending gains after Bank of Japan Governor Kazuo Ueda signaled that interest rates may rise in the coming months. Japan’s currency ...
The worst election outcome in 15 years for the ruling Liberal Democratic Party saps its power to determine economic measures and nimbly coordinate with the BOJ. The US presidential vote also looms ...
Investing.com - The U.S. dollar retreated Monday amid political uncertainty ahead of Tuesday’s presidential election and with the Federal Reserve expected to cut interest rates later in the week. At..
As widely expected, the nine-member board decided to keep the BOJ’s short-term policy rate unchanged at 0.25% by a unanimous vote. The BOJ needs to pay due attention to the future course of overseas ...
Ueda Indicates BOJ Still on Track for More Rate Hikes After Hold Yen climbs as much as 1% after Ueda comments on policy outlook Still sees upside risks to its inflation view for fiscal 2025 ...
Following are excerpts from BOJ Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters: NEXT RATE HIKE "As for the timing of ...
"The BOJ needs to pay due attention to the future course of overseas economies, particularly the U.S. economy, and developments in financial markets," the BOJ said in a quarterly outlook report.
“Ueda’s comments open a rate hike possibility that will support JPY,“ said Chong Hoon Park, economist at Standard Chartered Bank. “We see the BOJ hiking again in the January 2025 meeting, given the ...
On Thursday, October 31, retail sales figures from Japan likely dampened investor expectations of a Q4 2024 BoJ rate hike. Retail sales increased by 0.5% year-on-year in September, down from 3.1% ...
Bank of Japan Governor Kazuo Ueda, right, and the other members of the central bank's Policy Board attend the second day of its two-day meeting at the BOJ's headquarters in Tokyo on Oct. 31 ...
The BOJ also released its quarterly consumer inflation report. It maintains its forecast of 2.5 percent for fiscal 2024, which started in April. But it downgraded its outlook for the next fiscal ...