BOJ Monetary Policy Navigator

  • Dec 03, 2024

Ueda interview seen as possible preparation for December rate hike

Key points
  • Ueda says next rate hike is "approaching" in Nikkei interview
  • Lessons from surprise July rate hike appear to have prompted BoJ to begin preparing markets for December rate hike
  • Bank may be thinking about potential for accelerated decline in yen under Trump 2.0 as well as sustained increases in domestic wages and prices