Central Banks
BOJ’s Ueda Avoids Giving Clear Hint on Chances of January Hike
- Central bank chief sticks with more cautious tone of last week
- Yen weakens as expectations edge further toward March move
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Bank of Japan Governor Kazuo Ueda avoided giving a clear signal that he might raise interest rates next month by reiterating the need to keep monitoring risks for the economy in comments that nudged down the yen.
“The timing and pace of adjusting the degree of monetary accommodation will depend on developments in economic activity and prices as well as financial conditions going forward,” Ueda said in a speech at a business conference in Tokyo on Wednesday.