BOJ Statement on Monetary Policy

The Bank of Japan kept interest rates steady on Thursday but repeated its pledge to continue increasing borrowing costs if the economy moves in line with its projections, shifting investor focus to the prospect of a hike as soon as December. While the central bank roughly maintained its long-term forecasts, it elaborated on overseas risks that may hurt ...

Japan’s central bank on Thursday kept benchmark interest rates steady at 0.5% in its first meeting after Sanae Takaichi took power as the country’s prime minister earlier this month. The decision was in line with expectations from economists polled by Reuters, and comes even as inflation has stayed above the central bank’s 2% target for 41 months in a row. ...

BOJ GOV UEDA: JAPAN'S ECONOMY RECOVERING MODERATELY ALBEIT WITH SOME WEAKNESS EASY MONETARY CONDITIONS WILL SUPPORT ECONOMY JAPAN'S ECONOMIC GROWTH LIKELY TO BE MODEST AS TRADE POLICIES LEAD TO SLOWDOWN IN OVERSEAS ECONOMY, DECLINE IN CORPORATE PROFITS JAPAN'S ECONOMIC… BOJ Gov Ueda: Tamura Advocated Noting Core Inflation Likely to Be in Line with Target Beyond Mid-Projection BOJ GOV UEDA: WANT TO TAKE A LITTLE LONGER TO SEE HOW U.S. TARIFF IMPACT WOULD AFFECT JAPANESE ECONOMY DON'T THINK THERE IS RISK OF FALLING BEHIND THE CURVE HAVE NO PRESET IDEAS ABOUT TIMING OF NEXT RATE HIKE BOJ GETS GOVT'S VIEWS FROM REPRESENTATIVE AT EACH POLICY MEETING… BOJ GOV UEDA: WE REMAIN UNABLE TO DETERMINE TERMINAL RATE WANT TO MONITOR HOW USE OF STABLE COINS WILL SPREAD IN JAPAN WHILE KEEPING IN MIND CYBER AND MONEY LAUNDERING RISKS