REUTERS
December 25, 2024 at 14:30 JST
Bank of Japan Governor Kazuo Ueda speaks at a news conference on Dec. 19. (Usen To)
Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank expects the economy to move closer to sustainably achieving its 2% inflation target next year, suggesting the timing of its next interest rate hike was nearing.
Consumption has shown signs of improvement as intensifying labor shortages push up wages, Ueda said, stressing progress Japan has made in durably achieving the BOJ’s price target after years of aggressive monetary stimulus.
But he warned of the need to scrutinize the fallout from “high uncertainties” surrounding overseas economies, especially the economic policies of the incoming U.S. administration of President-elect Donald Trump.
“The timing and pace of adjusting the degree of monetary accommodation will depend on developments in economic activity and prices as well as financial conditions going forward,” Ueda said in a speech to business lobby Keidanren.
Incoming BOJ chief Ueda says current low rates appropriate
February 24, 2023
Lawmakers stunned by news of Ueda as next BOJ governor
February 11, 2023
Next BOJ chief expected to cautiously return policy to normal
February 12, 2023
BOJ might mull rate hike from summer to autumn
April 5, 2024
Scientist proves his mettle with skeletal frame to grow coral
November 17, 2021
Missing hiker saved from certain death by man’s faithful dog
February 8, 2022
Here is a collection of first-hand accounts by “hibakusha” atomic bomb survivors.
A peek through the music industry’s curtain at the producers who harnessed social media to help their idols go global.
Cooking experts, chefs and others involved in the field of food introduce their special recipes intertwined with their paths in life.
A series based on diplomatic documents declassified by Japan’s Foreign Ministry
A series about Japanese-Americans and their memories of World War II
