Bank of Japan Governor Ueda comments:
- virtuous cycle strengthened gradually last year
- plans to increase interest rates with continued economic improvements
- timing on adjustment is dependent on economy and inflation
- momentum for wage increases is key
- must be vigilant to various risks in deciding timing for adjusting degree of monetary support
- hopes that wage, prices increase at balanced pace in 2025
Japanese markets opened today for the first time in 2025.
The yen has lost some ground but USD/JPY has not pierced 158.00, yet at least:
This article was written by Eamonn Sheridan at www.forexlive.com. Source