The next rate hike is “nearing in the sense that economic data are on track,” he said.
Bank of Japan Governor Kazuo Ueda said interest rate hikes are “nearing” as inflation and economic trends develop in line with the central bank’s forecasts, helping strengthen the yen without explicitly supporting an increase in December.
“We will adjust the degree of monetary easing at the appropriate time if we become confident or certain that the economy will move as forecasted by our economic and price outlook — particularly that the underlying inflation rises toward 2%,” Ueda said in a Nikkei interview conducted Thursday and published Saturday in Tokyo.
