BoJ Governor Ueda: Certainty of BoJ's outlook materialising is increasing gradually

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Won't comment on specifics on interest ratesLong-term rates are rising rather rapidly recentlyWill increase JGB purchases if long-term rates make abrupt movesWill pay close attention to market movesReal interest rates are significantly lowWill adjust degree of monetary easing if economic, prices trends move in line with forecastsGathering information on companies' stance on wages for next yearLabour market is tightening, increasing upward pressure on wages and pricesBy adjusting degree of monetary policy, we can ensure stability of financial markets and realise price stabilityThere's really nothing new here from Ueda. The market already knows the BoJ is going to hike at the upcoming meeting with the probabilities now standing around 76%. This makes it a done deal because they certainly won't want to deliver a dovish surprise by keeping rates steady. In 2026, the market is fully pricing in another 25 bps hike. This article was written by Giuseppe Dellamotta at investinglive.com.