Kazuo Ueda releases doves again: Bank of Japan has enough time to consider the next policy measures

Zhitong
2024.10.24 23:18
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Bank of Japan Governor Katsuo Ueda said that the central bank has enough time to consider the next policy steps, indicating that even if the yen falls to a near three-month low, there will be no interest rate hike next week. He emphasized the need to pay attention to the impact of the weak yen and the U.S. economy on Japanese inflation. The market generally expects no policy adjustments this month, with investors focusing on the policy decision on October 31 and future rate hike timing. The yen to dollar exchange rate recently fell to 151.7, touching a low of 153.19 on Wednesday