BOJ's Ueda warns of global uncertainty, keep markets guessing on next hike
Bank of Japan Governor Kazuo Ueda affirmed inflation is on track for its target but cautioned that global uncertainties, including US tariffs and labor market weakness, might discourage wage increases. His comments suggest flexibility regarding an October rate hike, leading market players to anticipate a December increase instead.
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Bank of Japan Governor Kazuo Ueda affirmed inflation is on track for its target but cautioned that global uncertainties, including US tariffs and labor market weakness, might discourage wage increases. His comments suggest flexibility regarding an October rate hike, leading market players to anticipate a December increase instead.
