At a press conference in Bangkok, BOJ Governor Ueda (植田) said that the underlying inflation rate should be brought close to around 2% and that any further increase could not be tolerated, indicating his intention to continue raising rates. The next Monetary Policy Meeting is scheduled for 29–30 October.
At a press conference in Bangkok, BOJ Governor Kazuo Ueda (植田和男) said that the underlying inflation rate should be brought close to 2% and that any further increase could not be tolerated. He emphasized his intention to continue raising rates.
The press conference was held in Bangkok, the capital of Thailand, and Governor Ueda said he was visiting to attend events including the G20 Finance Ministers and Central Bank Governors Meeting. The BOJ plans to hold its next Monetary Policy Meeting on 29–30 October.
His comments suggest a policy of maintaining the proximity of inflation to the 2% target while taking current financial conditions into account, together with an intention to continue raising rates. The direct impact on markets is said to depend on many factors going forward.
He did not mention specific interest-rate levels or a timeframe, and attention is focused on the BOJ's policy positioning and the direction of policy management ahead of the next meeting.