January 06, 2025 at 02:21AM
Bank of Japan Governor Ueda comments:
virtuous cycle strengthened gradually last year
plans to increase interest rates with continued economic improvements
timing on adjustment is dependent on economy and inflation
momentum for wage increases is key
must be vigilant to various risks in deciding timing for adjusting degree of monetary support
hopes that wage, prices increase at balanced pace in 2025
Japanese markets opened today for the first time in 2025.
The yen has lost some ground but USD/JPY has not pierced 158.00, yet at least:
This article was written by Eamonn Sheridan at www.forexlive.com.
Bank of Japan Governor Ueda gives little clue on timing of rate hikes – data dependent