Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will adjust the degree of monetary stimulus by scrutinising whether trend inflation will accelerate towards its 2% target as.
Asia Market Update: Positive day across Asian equities as Nikkei strives for all-time high; BOJ Ueda stays dovish; RNBZ Gov signals no near-term cuts; Focus tonight on UK Retail Sales, US Jan Building Permits + Jan PPI.
Asia market update: Quiet trading day pre-BOJ rate decision tomorrow, but implied USD/JPY volatility jumps to highest since July 27; $2.35B of M&A activity in Australia.
Japan s central bank chief
faces a key test of his communication skills at next week s
monetary policy meeting, where he is expected to keep alive
prospects of an end to negative rates while hosing. -December 12, 2023 at 01:27 am EST
- MarketScreener
Recent weakness in consumption
has emerged as a fresh source of concern for Bank of Japan
policymakers who are eyeing an exit from negative interest
rates, three sources familiar with its thinking.