BOJ chief Ueda to speak in Nagoya, focus on hints of next rate-hike timing

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BOJ chief Ueda to speak in Nagoya, focus on hints of next rate-hike timing - Channel News Asia

Quick Summary:

TOKYO : Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya on Monday, the BOJ said, an event that will be closely watched by markets for hints on whether it could raise interest rates next month.

Ueda's comments will be scrutinised by markets for clues on how soon the BOJ could raise interest rates, with analysts divided on whether it may come in December or January next year.

It will be Ueda's first public appearance since Donald Trump's victory in the U.S.presidential election on Nov.5, and Japan's third-quarter gross domestic product (GDP) data showing surprise resilience in consumption.