March 05, 2025 at 05:11AM
It is not as if we will be hiking rates at each policy meeting
Wage developments are key to gauging Japan’s trend inflation
Must be vigilant on price movements of goods purchased as it affects inflation expectations
Will debate policy decision at each meeting while scrutinising economic, price developments
This builds on his comments from earlier here. The part on wages is a repeat and points to the notion that they will be using the spring wage negotiations this month as a base point to construct the narrative for the next rate hike.
This article was written by Justin Low at www.forexlive.com.
BOJ’s Uchida: We don’t have a preset idea in mind on pace of future rate hikes