Central Banks

BOJ’s Ueda Signals No Hike Next Week, Noting Time Is on His Side

Kazuo Ueda in Washington, DC, on Oct. 23.Photographer: Ting Shen/Bloomberg
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Governor Kazuo Ueda said the Bank of Japan has time to consider its next policy steps, signaling the central bank won’t hike interest rates next week even after the yen fell to an almost three-month low.

“I believe we have enough time” for making a policy decision, Ueda told reporters in Washington after a meeting with his Group of 20 counterparts.