Bank of Japan (BoJ) Deputy Governor Shinichi Uchida indicated on Tuesday that the central bank is prepared to raise interest rates further if economic and price conditions improve as forecasted.
Uchida highlighted ongoing uncertainties surrounding global trade policies, emphasizing the high level of unpredictability across countries. He also noted that Japan’s core inflation is expected to re-accelerate following a recent slowdown, while cautioning that recent price increases have negatively impacted consumer spending.
In response to these remarks, the USD/JPY pair slipped, trading near the 145.00 level and down 0.38% on the day at the time of reporting, reflecting cautious market sentiment amid the BoJ’s evolving policy outlook.
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