BoJ Governor Ueda says short and medium-term interest rates are clearly negative, adds accommodative financial conditions are maintained, leading to moderate increase in capex

Governor Ueda's remarks on maintaining clearly negative short and medium-term interest rates signal continued monetary accommodation from the BoJ, which could support investment in capital expenditures (capex). This stance reinforces the bearish outlook for the JPY and may influence a range of asset classes, particularly in commodities and fixed income, as market participants adjust to an extended period of low rates. Expect heightened focus on how these conditions play into inflation dynamics and potential shifts in global interest rate expectations.