BOJ to Decide Next Week Whether to Raise Policy Rate: Ueda
Tokyo, Jan. 15 (Jiji Press)--The Bank of Japan will discuss whether to raise interest rates and make a decision at its policy-setting meeting next week, Governor Kazuo Ueda said Wednesday.
The economic policy of the administration of U.S. President-elect Donald Trump, which will be inaugurated on Monday, and the trend of wage hikes in Japan's "shunto" spring labor-management negotiations will be "important points" for making a policy rate decision, Ueda said in a meeting.
"If economic and price trends continue to improve, we will raise the policy interest rate accordingly and adjust the degree of monetary easing," the governor also said.
The BOJ's Policy Board will hold its next policy-setting meeting for two days from Jan. 23.
(2025/01/15-15:19)
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