Bank of Japan Governor hints at unchanged rate hike path
ChainCatcher News, Bank of Japan Governor Kazuo Ueda stated after his first bilateral meeting with Prime Minister Sanae Takaichi that the central bank is still gradually adjusting the degree of monetary easing, indicating a firm intention to raise interest rates. After the meeting, Ueda told the media: "The mechanism for inflation and wage growth to move in tandem is recovering. Therefore, I explained to the Prime Minister that we are gradually adjusting the extent of monetary easing." This meeting comes as investors are paying close attention to Takaichi's stance on monetary policy and are awaiting details of the economic stimulus package to be announced this week. Ueda said: "We discussed foreign exchange issues. The central bank will closely monitor its impact on the economy and work closely with the government." He also emphasized that the Bank of Japan will make appropriate policy decisions based on economic data.
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