Tag Archives: Kazuo Ueda

Japan’s Prime Minister Fumio Kishida announced on Wednesday that he will step down next month, bowing to public dissatisfaction over political scandals and rising living costs that have overshadowed his three-year tenure. His resignation will trigger a leadership contest within the ruling Liberal Democratic Party (LDP) in September to choose …

In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and introduced a comprehensive quantitative tightening (QT) plan, signaling a significant shift away from a decade of aggressive monetary stimulus. This decision marks a departure from market expectations, which had largely anticipated that the BOJ would …

A sense of urgency is building within the halls of the Bank of Japan (BOJ) as the nation grapples with surging inflation and a weakening yen. The once-unthinkable prospect of raising interest rates is now at the forefront of policy discussions, with recent meeting summaries revealing a growing consensus among …

BoJ Governor Kazuo Ueda stated in his semi-annual report on currency and monetary supervision issued on Wednesday that, given the current conditions of economic activity and prices, he expects the current accommodative conditions to be maintained.In his estimation, Ueda believes that the 2 percent price stability target will be achieved …

BoJ’s K. Ueda gave fresh statements on the central bank’s policy outlook, although he declined to comment on the recent performance of the Japanese yen.Before Thursday’s European session begins, the Japanese Yen was still weak relative to the US dollar and is trading barely above a multi-decade low that was …

The Japanese Yen suffered a significant decline on Tuesday as a result of the Bank of Japan’s dovish stance. Governor Kazuo Ueda noted the challenge of articulating a plan to leave the negative interest rate policy, but the BoJ did not specify a timeline for liftoff. The USD/JPY pair first …