BOJ Governor Ueda Kazuo (植田 和男) indicated that, with financial conditions remaining accommodative, the Bank would raise the policy rate in response to economic and price conditions and adjust the degree of monetary easing. This suggested the direction of future rate hikes.
BOJ Governor Ueda Kazuo (植田 和男) explained that financial conditions remain accommodative and said that the Bank would raise the policy rate in response to economic and price conditions and adjust the degree of monetary easing.
The comments did not indicate a specific timing for a rate hike at this stage, but left rate increases as an option for the direction of future monetary policy.