Central Banks
Ueda Keeps Rate Hikes in Play, Talks Down BOJ’s Part in Meltdown
- BOJ will raise rates again if economy stays in line, Ueda says
- Turns potentially messy hearing into a reiteration of stance
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Bank of Japan Governor Kazuo Ueda kept rate hikes in play this year by turning a potentially messy parliamentary hearing into a relatively straightforward reiteration of policy in his first public remarks following a global market rout.
“If we are able to confirm a rising certainty that the economy and prices will stay in line with forecasts, there’s no change to our stance that we’ll continue to adjust the degree of easing,” Ueda said in response to questions in parliament Friday.