BOJ may offer hints of next rate-hike timing in Ueda's closely watched speech

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BOJ may offer hints of next rate-hike timing in Ueda's closely watched speech - 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 might raise interest rates next month.

At Nagoya, Ueda will deliver a speech and take questions from business executives from 10:00 to 11:30 a.m.(0100-0230 GMT), followed by a press conference from 1:45 p.m.to 2:15 p.m.(0445-0515 GMT), the BOJ said on Friday.

Wholesale inflation accelerated in October at the fastest annual pace in more than a year, as renewed yen falls pushed up import costs for some goods, data showed on Wednesday.