BoJ Governor Ueda says Japan's economy continued to moderately recover in 2025 and the Bank will keep raising rates if economic outlook is realised

BoJ Governor Ueda says Japan's economy continued to moderately recover in 2025 and the Bank will keep raising rates if economic outlook is realised.

BoJ Governor Ueda's comments signal a continued positive outlook for Japan's economy, suggesting that if the recovery trend persists, we can expect further rate hikes. This hawkish stance may lead to upward pressure on the JPY and affect fixed income markets as investors adjust their rate expectations. Additionally, commodities such as gold could see volatility depending on how the market perceives the implications for the economic outlook.