Bank of Japan Gov. Kazuo Ueda hinted that a rate hike is likely when the board convenes for a meeting later this month, saying that officials will decide on policy with upside price risks in mind.
The central bank will have a thorough debate on policy when it gathers on Sept. 17-18, as it does at every meeting, Ueda told reporters after a meeting of Group of 20 finance ministers and central bankers in Asheville, North Carolina. Ueda appeared at a joint press briefing with Finance Minister Satsuki Katayama.
“From the perspective of conducting policy with a risk-management approach as the underlying inflation rate approaches 2%, we have come to believe that we need to pay greater attention than before to upside risks in our policy conduct,” Ueda said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.