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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise CIO: ETH may lead the crypto market rebound, with the December Fusaka upgrade as a key catalyst
Bitwise CEO increases Bitcoin holdings again at the $85,000 price level
