BOJ Governor Ueda Kazuo (植田和男) indicated an intention to consider an additional rate hike at the September monetary policy meeting and said the matter would be discussed at every meeting, including the next one. He explained the policy at a press conference following the G20 meeting.
BOJ Governor Ueda Kazuo (植田和男) indicated an intention to consider an additional rate hike at the next monetary policy meeting. The meeting will be held on 17 and 18, and he indicated that the decision would be made while closely monitoring the effects of rate hikes to date.
Governor Ueda Kazuo (植田和男) said, “I would like to discuss it at every meeting, including the next one,” and emphasized the policy of continuing to conduct monetary policy while taking into account the risk of inflation exceeding expectations. The press conference was held after the G20 meeting of finance ministers and central bank governors in the United States.
He disclosed that he had met with US Treasury Secretary Scott Bessent on 30 August and said, “We had useful discussions on a variety of topics.” The details of the meeting and the timing of any additional policy decision will depend on how they are reported going forward.
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