Central Banks
BOJ’s Ueda Keeps Market Players Guessing Over Rate Hike Timing
- Tells reporters at G20 that price target not already in sight
- Speculation over March move jumped Thursday after Takata spoke
This article is for subscribers only.
Bank of Japan Governor Kazuo Ueda is keeping his options open for the timing of a widely expected interest rate hike, a position that may fuel further market volatility as investors and economists speculate over a March or April move.
“We are not yet in a position to foresee the achievement of a sustainable and stable inflation target,” Ueda said Thursday after meeting with Group of 20 central bankers and finance chiefs in Sao Paulo, Brazil. “We will continue to seek confirmation whether the virtuous cycle between wages and price began to turn.”