Ueda Backs Further BoJ Hikes as Bessent Presses for Decisive Action

BoJ Governor Kazuo Ueda reinforced expectations for further tightening on Tuesday after attending G20 finance leaders’ gathering, saying central bank “will continue to raise interest rates” while financial conditions remain accommodative and signaling September meeting will focus closely on upside inflation risks. Ueda said underlying inflation is “quite close” to BoJ’s 2% target and that […] The post Ueda Backs Further BoJ Hikes as Bessent Presses for Decisive Action appeared first on ActionForex.