BOJ chief Ueda faces communication test at debut policy meeting
newscatcher
2023-04-28 08:31
BOJ chief Ueda faces communication test at debut policy meeting
TOKYO -Japan's new central bank governor Kazuo Ueda will see his communication skills put to test at his debut policy meeting on Friday, as markets look for clues on how soon the country's prolonged ultra-low interest rates could end. At the meeting Ueda chairs just three weeks into his term, the Bank of Japan (BOJ) is widely expected to maintain its short-term interest rate target of -0.1 percent and a pledge to guide the 10-year bond yield around zero. The central bank is also seen maintaining dovish guidance that pledges to keep interest rates at 'current or lower levels' to ensure Japan sustainably hits its 2 percent inflation target accompanied by solid wage growth, analysts say.

https://business.inquirer.net/398044/boj-chief-ueda-faces-communication-test-at-debut-policy-meeting

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