BOJ's Koeda Urges Rate Hikes as Yen Holds Near 158 per Dollar
Updated
Updated · The Japan Times · Oct 16
BOJ's Koeda Urges Rate Hikes as Yen Holds Near 158 per Dollar
3 articles · Updated · The Japan Times · Oct 16
Summary
Junko Koeda said the Bank of Japan should not be overly cautious about raising rates, signaling the central bank remains on track to lift borrowing costs again in coming months.
Upside risks to prices and still-accommodative financial conditions drove her warning, reinforcing the BOJ's faster pace of policy normalization.
The yen was little changed after her speech and briefing at about ¥158 per dollar Thursday afternoon, though it stayed firmer than ¥158.95 overnight.
That overnight move followed U.S. inflation data that accelerated, adding another price signal as markets gauge the BOJ's next tightening step.