Bank of Japan Governor Ueda Kazuo (植田和男) indicated at a press conference on the 30th that he was alert to upside risks, assuming underlying inflation reaches 2%, and had not ruled out the possibility of a rate hike in December.
At a press conference on the 30th, Bank of Japan Governor Ueda Kazuo (植田和男) expressed concern about upside risks to prices on the assumption that underlying inflation reaches 2%.
The governor said he had not ruled out the possibility of a rate hike in December, as anticipated by the market, and that future data would determine monetary policy decisions.
His remarks indicate that the Bank will closely monitor the outlook for monetary policy while keeping an eye on both the prospects for inflation reaching 2% and price trends.