BOJ governor Ueda says will continue to raise policy rate if baseline outlook holds
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BOJ will continue to raise policy rate at an appropriate pace if it judges that likelihood of realising baseline scenario will rise It is likely that a rise in crude oil prices will push up prices of not only energy, but general prices too Even if Middle East situation is unclear
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BOJ 'Summary" - Japan rate hike back on table as BOJ signals next move still likely upward
Lead — The Bank of Japan's recent meeting signals a potential shift in monetary policy, with members indicating that rate hikes could be on the table as soon as the next meeting. Per the full note [source], the BOJ's acknowledgment of rising inflation risks, particularly due to surging crude oil prices, suggests a hawkish pivot that may pressure Japanese government bond yields and the yen upward. This aligns with our view that the BOJ is increasingly constrained by inflationary pressures, which could lead to a reassessment of market expectations. As we approach the next meeting, traders should be prepared for potential volatility in JPY pairs.
Ueda opens BOJ conference with warning that temporary oil shocks can become persistent
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