Central Banks
BOJ’s Uchida Says Hard to See Sharp Hiking Pace Post-Liftoff
- Yen weakens, swaps little changed after Uchida’s comments
- Notes market impact of ending ETF buying would be limited
Shinichi Uchida
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
A top Bank of Japan official said it’s hard to see the bank raising its policy rate continuously and rapidly even after the negative interest rate is ended.
“Even if the bank were to terminate the negative interest rate policy, it is hard to imagine a path in which it would then keep raising the interest rate rapidly,” BOJ Deputy Governor Shinichi Uchida said Thursday in a speech to local business leaders in Nara, western Japan.