BOJ Gov Ueda says Japan’s situation will become even more challenging in 2024

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

This article was written by Eamonn Sheridan at Source