BOJ's Ueda says wage trends key to possible rate hikes, Nikkei reports

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TOKYO : Bank of Japan Governor Kazuo Ueda said the next interest rate hikes are "nearing in the sense that economic data are on track," the Nikkei business daily reported on Saturday".

The BOJ will scrutinise its policy at its Dec.18-19 meeting, when some analysts expect it to hike rates from the current 0.25 per cent.

"I would like to see what kind of momentum the fiscal 2025 shunto (spring wage negotiation) creates," repeating his intention to keep a close eye on wage moves, Ueda told the Nikkei in an exclusive interview.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Japan Nikkei Hikes Mediacorp Wage Ueda Bank Policy Economic Rate Experience

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Article Type: News Report

Published On: 2024-11-30 @ 05:37:10 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 219 words

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