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BOJ chief Ueda signals rate hike chance next week, yen jumps

Channel News Asia LogoChannel News Asia6h ago

BOJ chief Ueda signals rate hike chance next week, yen jumps - Channel News Asia

Quick Summary:

TOKYO :The Bank of Japan will debate whether to raise interest rates next week, Governor Kazuo Ueda said on Wednesday, reiterating the bank's resolve to push up borrowing costs if the economy continues to improve.

The remaining hurdle for the BOJ in raising rates next week would be what Trump could say about his plans on tariff hikes after his inauguration on Monday, and how markets could react, analysts say.

"Markets interpreted Ueda's remarks as sounding positive about a near-term rate hike," said Takuya Kanda, head of research at Gaitame.com Research Institute.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 12:38:42 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 25170645

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 45 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 45 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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