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Today: April 14, 2025
Today: April 14, 2025

BOJ will debate whether to hike rates next week, governor Ueda says

Bank of Japan Governor Kazuo Ueda attends a press conference after its policy meeting in Tokyo
January 16, 2025
Reuters - Reuters

TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will debate next week whether to raise interest rates, based on its fresh quarterly growth and inflation forecasts.

In remarks made at a meeting with regional bank executives, Ueda also said the new U.S. administration's policy outlook and domestic firms' wage negotiations with unions are key factors in deciding whether to raise rates.

(Reporting by Yoshifumi Takemoto, writing by Leika Kihara; Editing by Christian Schmollinger)

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