BOJ governor Ueda: There is no change to our stance on rate hikes

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  • Exchanged views with PM Ishiba on economy, financial markets in a regular meeting
  • Had discussion on various topics about the economy, forex
  • Exchange rate should move in a manner that is reflecting fundamentals
  • No change to our stance on rate hikes
  • No change to the stance of raising interest rates if economy, prices move in line with forecast
  • Want to work closely with the government, watching FX moves carefully
  • Discussed forex as part of broader discussion on markets but won’t comment on details

This article was written by Justin Low at investinglive.com.

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