BOJ Governor Ueda (植田): “Accommodative Conditions to Be Maintained” Even After September Rate Hike

The story

On the 6th, BOJ Governor Ueda (植田和男) said at the National Securities Conference in Tokyo that accommodative financial conditions would be maintained, expressing the view that the current interest-rate level was not tightening financial conditions.

At its September monetary policy meeting, the BOJ decided to raise the policy rate from 1.0% to 1.25%, marking the first rate hike in three months.

The previous pace had been approximately one rate hike every six months, but the decision accelerated the pace.

At a glance

Date of statementHe said at the National Securities Conference in Tokyo on the 6th that accommodative financial conditions would be maintained.

Rate hikeAt its September meeting, the BOJ raised the policy rate from 1.0% to 1.25%, the first rate hike in three months.

PaceThe pace accelerated from the previous rate-hike pace of approximately once every six months.

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