BoJ Governor Ueda says can not say how many months it would take to gauge timing of next rate hike, will look to see if underlying inflation has a clear upward risks
Governor Ueda's comments suggest caution regarding the timing of the next rate hike in Japan, indicating that a clear signal from inflation is necessary before taking action.
BoJ Governor Ueda says inflation upward risk could be a reason for raising rates, but not the only reason
ADNOC has told some oil buyers to pick up Gulf supply outside the Strait of Hormuz, as producers look to diversify to other routes and bring their oil to the market, Bloomberg reports
BoJ Governor Ueda says can not say how many months it would take to gauge timing of next rate hike, will look to see if underlying inflation has a clear upward risks
Shin-Etsu Chemical (4063 JT) withholds FY guidance due to the situation around the Middle East
BoJ Governor Ueda says no change to BoJ view that expects underlying inflation to be around 2% from H2 2026
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- Other six members were mindful of inflation upward risks but did not see the urgency for a rate hike
- Need to raise rates if current supply shocks have a secondary knock-on effect.
While there is awareness of inflation risks among BoJ members, the lack of urgency hints at a dovish stance, which likely keeps JPY under pressure and affects expectations for fixed income and commodities. Investors should watch market reactions as this implies the BoJ remains in a wait-and-see mode for now.
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