BOJ Signals Potential Interest Rate Hike Amid Rising Inflation Expectations
Governor Kazuo Ueda indicates a possible interest rate increase later this year if inflation and wage growth meet targets, with a focus on the impact of yen's movements.
- Bank of Japan Governor Kazuo Ueda suggests the possibility of raising interest rates later this year as inflation expectations rise.
- The central bank aims to confirm wage gains and their effect on service prices before considering another rate hike.
- Ueda emphasizes the bank's readiness to respond to foreign exchange rate movements that significantly impact Japan's economic cycle.
- The end of the BOJ's large-scale monetary easing program signals increased confidence in achieving a stable economic growth cycle.
- Japan's largest labor union federation reports significant wage increases, expected to influence inflation positively from summer onwards.
CNA 
The Japan Times 