Posted 4/5/2024, 5:01:00 AM
Bank of Japan Governor Hints at Potential Rate Hike in 2024, Links to Wage Growth
- Bank of Japan Governor Kazuo Ueda signaled potential interest rate increase in 2nd half of 2024
- Suggested chance of hitting inflation target will rise steadily from summer through autumn
- Remarks indicate BOJ wants to confirm wage growth impact before next rate hike
- Subtle shift from Ueda recently avoiding clear timing hints on potential follow-up moves
- Reiterated view that BOJ will respond if forex rate movements affect inflation cycle
