The International Monetary Fund (IMF) advised Asian central banks to focus on domestic inflation and not closely mirror the U.S. Federal Reserve's policy moves. Bank of Japan (BOJ) Governor Ueda hinted at a possible policy shift due to a weak yen affecting trend inflation. Ueda also mentioned that the U.S. economy impacts Japan's economy through the FX rate. Economists polled by Reuters predict that the BOJ will raise interest rates again in 2024, with varying opinions on the timing. IMF's Japan Mission Chief suggested that the BOJ has room for further rate hikes but should proceed cautiously due to inflation indicators below the 2% target. Governor Ueda emphasized the need for faster wage rises for price consistency and positive productivity gains, as well as the importance of a accommodative financial environment based on economic outlook and inflation expectations.
Governor Kazuo Ueda reiterated the Bank of Japan’s intention to raise its benchmark interest rate if underlying inflation rises toward its 2% target https://t.co/z97KxS3fU3
Governor Kazuo Ueda reiterated the Bank of Japan’s intention to raise its benchmark interest rate if underlying inflation rises toward its 2% target https://t.co/L8RoHbcGU5
BOJ will hike rates if trend inflation accelerates, Gov Ueda says https://t.co/CktHJMzTRb https://t.co/I8RHtXm055
BOJ GOV UEDA: WHETHER WE WILL SET POLICY WITH SAME EMPHASIS ON WAGE TALK OUTCOME WILL DEPEND ON CONDITIONS AT THE TIME
BOJ GOV UEDA: WE DECIDED TO CHANGE POLICY IN MARCH BECAUSE STRONG WAGE TALK OUTCOME CAME ON TOP OF FAIRLY SOLID READINGS IN OTHER SECTORS OF ECONOMY -
BOJ GOV UEDA: WE DECIDE ON POLICY LOOKING NOT JUST AT WAGE TALKS, BUT VARIOUS OTHER ECONOMIC VARIABLES
BOJ GOV UEDA: ANNUAL WAGE NEGOTIATIONS HAVE BEEN, AND ALWAYS WILL BE, AMONG IMPORTANT ECONOMIC VARIABLES WE LOOK AT IN SETTING POLICY
BOJ GOV UEDA: TREND INFLATION IS STILL SOMEWHAT BELOW 2%, SO NEED TO MAINTAIN ACCOMMODATIVE MONETARY CONDITIONS FOR TIME BEING
⚠️ BOJ WILL HIKE RATES IF TREND INFLATION ACCELERATES, SAYS GOV UEDA Full Story → https://t.co/JXPf18LGg7 https://t.co/AM4T5s2Tkm
BOJ chief points to hiking interest rates if inflation keeps rising: Bank of Japan chief Kazuo Ueda said Friday the central bank will "very likely" raise interest rates if underlying inflation continues to increase, stressing… https://t.co/pYLDxS83Vm #japannews #japantoday
Bank of Japan Gov. Kazuo Ueda said on Friday the central bank "very likely" will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the future. https://t.co/Xrh94revgs
BOJ's Ueda 'very likely' to hike rates if Japan prices keep rising https://t.co/KAwuS6emxP
Bank of Japan chief points to hiking interest rates if inflation keeps rising https://t.co/Wf1SNLBBuM
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising https://t.co/ejJHeZ4wUY https://t.co/H27Iivxa6T
UEDA, GOVERNOR OF BOJ: RAISING INTEREST RATES VERY LIKELY IF UNDERLYING INFLATION INCREASES
BOJ GOVERNOR UEDA TO TAKE TIME TO CONSIDER WHEN AND HOW TO REDUCE JGB PURCHASES
GOVERNOR UEDA OF BOJ SUGGESTS POSSIBLE CHANGES TO SHORT-TERM POLICY RATE BASED ON INCOMING DATA AND INFORMATION
BOJ GOVERNOR UEDA BELIEVES POLICY CHANGE HAS BROUGHT INCREASED FLEXIBILITY
BOJ GOVERNOR UEDA SAYS POSSIBILITY OF VICIOUS CYCLE BETWEEN WAGE AND PRICES BEYOND CERTAIN POINT IS REMOTE
BOJ GOVERNOR UEDA ON MONITORING WAGE INCREASES' IMPACT ON PRICES, PARTICULARLY SERVICES
BOJ GOVERNOR UEDA: WATCHING INFLATION EXPECTATIONS, FOCUSING ON WAGES
BOJ GOVERNOR UEDA PROCEEDS CAUTIOUSLY, ASSESSING POLICY IMPACT ON ECONOMY AND INFLATION BEFORE FURTHER ADJUSTMENT
BOJ GOVERNOR UEDA SEES LONG-TERM INFLATION EXPECTATIONS ABOVE 1%, POSSIBLY NEARING 1.5%
BOJ GOVERNOR UEDA EMPHASIZES NEED FOR ACCOMMODATIVE FINANCIAL ENVIRONMENT DUE TO UNDERLYING INFLATION REMAINING BELOW 2%
BOJ GOVERNOR UEDA SEES RISING TREND IN WEIGHTED AVERAGE OF MEDIUM AND LONG-TERM INFLATION EXPECTATIONS BUT BELOW 2%
BOJ GOVERNOR UEDA: FASTER WAGE RISES NEEDED FOR CONSISTENCY WITH 2% PRICES AND POSITIVE PRODUCTIVITY GAINS
BOJ GOVERNOR UEDA EXPECTS CONTINUED ACCOMMODATIVE FINANCIAL CONDITIONS BASED ON ECONOMIC OUTLOOK
⚠️ IMF URGES BANK OF JAPAN TO TREAD CAUTIOUSLY IN RAISING INTEREST RATES Full Story → https://t.co/R4Jvnp45Om The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International… https://t.co/aW7FnptfDO
IMF'S JAPAN MISSION CHIEF: BANK OF JAPAN WILL LIKELY HAVE ROOM TO RAISE INTEREST RATES FURTHER, THOUGH FUTURE TIGHTENING MUST BE GRADUAL AND DATA-DEPENDENT.
BANK OF JAPAN WILL HIKE INTEREST RATES AGAIN IN Q3 THIS YEAR, SAY 34% OF ECONOMISTS; 31% SEE A HIKE IN Q4.
⚠️ BOJ WILL RAISE RATES AGAIN THIS YEAR, SAY TWO-THIRDS OF ECONOMISTS" REUTERS POLL Full Story → https://t.co/L0vr0ztSzx The Bank of Japan will raise interest rates again in 2024, according to two-thirds of economists polled by Reuters, but there was no clear consensus on… https://t.co/gdjp15lwGp
BANK OF JAPAN WILL HIKE INTEREST RATES AGAIN IN Q3 THIS YEAR, SAY 34% OF ECONOMISTS; 31% SEE A CUT IN Q4.
BOJ chief hints at further rate hike if weak yen adds to inflation fears | The Asahi Shimbun Asia & #Japan Watch https://t.co/w06cwvaunf
Bank of Japan Gov. Kazuo Ueda has said the central bank may raise interest rates again if the yen's declines significantly push up inflation. https://t.co/EZIrTGbicP
🇯🇵 #Japan | #BOJ's Ueda signals possible rate hike if weak yen boosts inflation – Reuters https://t.co/59SUDPklR2
BOJ chief hints at rake hike if weak yen raises inflation fears https://t.co/KMBzaAFrsI
BOJ's Ueda signals possible rate hike if weak yen boosts inflation https://t.co/fqBsmSl0V7 https://t.co/RMBqh3kau6
BANK OF JAPAN GOVERNOR UEDA: DON’T THINK BIG PICTURE CHANGED ON US INFLATION, FED OUTLOOK
BOJ'S GOVERNOR UEDA: I DON’T THINK THE BIG PICTURE CHANGED ON US INFLATION OR THE FED OUTLOOK.
BOJ'S GOVERNOR UEDA: THE US ECONOMY IS AFFECTING JAPAN'S ECONOMY AND PRICES VIA FX RATE.
BOJ'S GOVERNOR UEDA: THERE IS CHANCE WEAK YEN MAY AFFECT TREND INFLATION AND IF SO COULD LEAD TO POLICY SHIFT.
BANK OF JAPAN GOVERNOR UEDA: THERE IS CHANCE WEAK YEN MAT AFFECT TREND INFLATION AND IF SO COULD LEAD TO POLICY SHIFT
⚠️ IMF TELLS ASIAN CENTRAL BANKS NOT TO FOLLOW FED TOO CLOSELY Full Story → https://t.co/Z8qi0rOCJ2 The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S.… https://t.co/kKA4Qlj2kJ