Central Banks
BOJ’s Ueda Lowers Risk of October Hike With Cautious Hold
- Yen weakens after BOJ chief flags fading upward price risks
- Bank stands pat after the market chaos that followed July hike
Outside the Bank of Japan (BOJ) headquarters in Tokyo.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Bank of Japan Governor Kazuo Ueda pushed the likelihood of an October rate hike further to the sidelines Friday with a cautious message that pointed to ongoing concern over the market meltdown that followed July’s rate increase.
Following a decision to leave the policy rate unchanged at around 0.25%, the BOJ chief appeared to pour cold water on the already slim chances of an early move next month.