07:53
The Governor of the Bank of Japan hinted that the interest rate hike path remains unchanged.
Odaily News Japan's Central Bank Governor Kazuo Ueda stated after his first bilateral meeting with Prime Minister Sanae Takaichi that the central bank is still gradually adjusting the degree of monetary easing, indicating a firm intention to raise interest rates. After the meeting, Ueda told the media: "The mechanism of inflation and wage growth is recovering. Therefore, I explained to the Prime Minister that we are gradually adjusting the magnitude of monetary easing." This meeting coincides with investors focusing on Takaichi's stance on monetary policy and awaiting details of the economic stimulus plan to be announced this week. Ueda said: "We discussed forex issues. The central bank will closely monitor its impact on the economy and work closely with the government." He also emphasized that the Bank of Japan will make appropriate policy decisions based on economic data. (Jin10)

