BOJ chief signals no rush in raising rates further

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OSAKA :The Bank of Japan can afford to spend time scrutinising market and overseas economic developments in setting monetary policy, governor Kazuo Ueda said on Tuesday, suggesting that the central bank was in no rush to raise interest rates further.

We can afford to spend time doing this," he said.

But he warned of risks surrounding the outlook, such as volatile financial markets and uncertainty on whether the U.S.economy can achieve a soft landing.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Governor Japan Time Ueda Bank Osaka Kazuo Policy Afford Spend 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 13:33:59 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22691069

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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News Last Updated: 16 hours ago

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