Bank of Japan Governor Ueda spoke earlier:
More now:
- Challenging situation remains
- It’ll become even more challenging towards the end of this year and into early 2024
-
BOJ has not made decision on which interest rate to target once we
end negative interest rate policy - Options include
raising rate applied to financial institutions’ reserves at BOJ, or
revert to policy targeting overnight call rate
-
Don’t have any specific idea in mind on how much we will raise rates
once we end negative rate policy
-
Whether to keep interest rate at zero or move it up to 0.1%, and at
what pace short-term rates will be hiked after ending negative rate
policy, will depend on economic and financial developments at the
time
This article was written by Eamonn Sheridan at www.forexlive.com. Source