Overview
- Ueda told reporters the BOJ is gradually adjusting support to guide inflation toward 2% and ensure sustainable growth.
- The governor said Takaichi appeared to acknowledge his explanation, and he offered no new hints on the timing of the next hike.
- Minutes from a Nov. 12 economic council meeting showed Ueda warned that keeping policy too loose for too long carries risks.
- The yen has fallen to a nine-month low, drawing stronger caution from the finance minister, and Ueda said he and Takaichi discussed currency moves and favored stable, fundamentals-based exchange rates.
- Many investors expect a move to 0.75% as soon as December or January, though Takaichi’s adviser urged caution after a Q3 contraction and analysts warn that delaying hikes could deepen yen weakness and lift import costs.