Ueda Signals Further Hikes With More Confidence Over Price Goal

Bank of Japan Governor Kazuo Ueda signaled further interest hikes are likely coming next year, by projecting rising confidence that the central bank is closer to attaining its sustainable price target.

“The achievement of the 2% price stability target, accompanied by wage increases, is steadily approaching,” Ueda said Thursday in a speech at a conference hosted by business lobby Keidanren. “Amid tightening labor market conditions, business behavior has shifted significantly on setting wages and prices in recent years.”