Bank of Japan says inflation data key in deciding rate hikes, Nikkei reports

Quick Summary:

Bank of Japan Governor Kazuo Ueda revealed in an exclusive interview with Nikkei newspaper that the central bank will base whether to hike interest rates on critical economic indicators, particularly wage and inflation data.

FILE PHOTO: Employees work at a shop in Tsukiji Outer Market in Tokyo, Japan, June 14, 2024.

Ueda indicated that while economic data is progressing as expected, uncertainty surrounding U.S.economic policy, particularly regarding tariffs, remains a significant factor in their decision-making process.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Cent Inflation 2024 Data Ueda Japan Bank Economic Market Interview Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 01:57:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 266 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23956072

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