BoJ Governor Ueda says if the Bank raises short-term rates in accordance to heightening chance of achieving its price target, long-term rates are likely to move stably reflecting expectations

BoJ Governor Ueda says if the Bank raises short-term rates in accordance to heightening chance of achieving its price target, long-term rates are likely to move stably reflecting expectations.

BoJ Governor Ueda's statement suggests a potential for rate hikes if inflation targets seem achievable, which could imply a shift in monetary policy. This hawkish tone may influence long-term rates to rise in line with market expectations, potentially benefiting the JPY while impacting commodities like gold negatively as tightening monetary conditions often strengthen the currency.