BOJ’s Ueda hints at September rate hike as bets on move mount
Expectations have also been fueled by a slew of comments by U.S. Treasury Secretary Scott Bessent hinting at the need for action.
Bank of Japan Governor Kazuo Ueda indicated that the central bank may raise interest rates in September during their upcoming board meeting. Speaking to reporters after a G20 finance ministers and central bankers meeting in North Carolina, Ueda suggested that the board would consider upside price risks when deciding on policy. The bank typically holds a comprehensive policy debate during each meeting, which will take place on September 17-18. Ueda emphasized the importance of managing policy risks as inflation nears the 2% target rate.
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