BOJ Governor Ueda Kazuo (植田 和男) said that the timing and pace of rate hikes would be considered in light of developments in the Middle East, AI and foreign exchange markets. He declined to comment on the decision at the September meeting and indicated that discussions would continue at each meeting going forward.
BOJ Governor Ueda Kazuo (植田 和男) indicated that the timing and pace of rate hikes would be considered based on a comprehensive assessment of factors including developments in the Middle East, AI and foreign exchange markets. Specifically, his remarks were understood to mean that developments in the Middle East, AI-related growth indicators and foreign exchange movements would be factors in the decision.
He also declined to comment on the decision at the September meeting and said that rate hikes would be discussed thoroughly at every meeting, including the next meeting. His remarks emphasized the continuation of discussions.
He said that data consistent with the outlook presented in the Outlook Report had been released, indicating that future policy would be considered based on developments in the data.