International · Planned · 3 sources combined
BOJ Governor Signals More Rate Hikes
Inflation Approaching 2% Target
In short
Bank of Japan Governor Ueda said inflation must not rise further.
He indicated he will continue raising interest rates going forward.
The BOJ will discuss additional hikes at its October 29-30 meeting.
Key facts
| When | He spoke at a press conference of the G20 Finance Ministers and Central Bank Governors meeting held in Bangkok, Thailand on October 16. |
|---|---|
| Who | Bank of Japan Governor Kazuo Ueda announced this. |
| What | He said underlying inflation is approaching 2% and further increases are unacceptable. |
| How | After the September rate hike, he said easy monetary conditions continue and he will keep raising the policy rate. |
What it means for me
If the yen's movement changes, it may affect costs of traveling to Japan or direct purchases from Japan.
