Bank of Japan Gov. Kazuo Ueda indicated that the central bank will continue normalizing policy if confidence in achieving its economic outlook strengthens — keeping the door open for a near-term hike in interest rates.
"There’s no change in our stance that we will adjust the degree of monetary easing if our confidence in hitting the outlook increases,” Ueda told reporters Thursday in Washington after a Group of 20 meeting. The BOJ has since last year been dialing back its monetary stimulus via interest-rate hikes and adjusting its balance-sheet policy.
In his last scheduled speech before the next policy meeting, Ueda suggested that he wants to wait until the last minute before making any decision. He said he plans to continue gathering information during the ongoing international conferences and to assess incoming data for the Oct. 29-30 meeting.
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.