At the G20 meeting of finance ministers and central bank governors in Bangkok, participants shared the view that rate hikes are important for containing inflation. With crude oil prices remaining high amid turmoil in the Middle East, central banks indicated that they intend to continue raising rates.
The G20 meeting of finance ministers and central bank governors shared the view that rate hikes are essential to tackling inflation while oil prices remain elevated. The central banks confirmed their policy of raising rates without missing the opportunity to curb high prices.
Bank of Japan Governor Ueda Kazuo (植田 和男) is scheduled to hold a press conference locally on the afternoon of the 16th.
At its September monetary policy meeting, the Bank of Japan changed the policy rate from around 1.0% to around 1.25% and indicated that it intends to continue raising rates to achieve price stability.
Attention is focused on developments at the Bank of Japan, which has its next meeting scheduled for the 29th and 30th of this month, and on the response of financial markets.