Hitoshi Ueda: Will consider the risk of rising prices and predict that the Bank of Japan will raise interest rates
2026-09-02 08:49:09
According to CoinMeta, Bank of Japan Governor Haruhiko Kuroda stated that he will take into account the risk of rising prices when deciding on monetary policy, a statement that may further intensify market speculation about an interest rate hike at the Bank of Japan's policy meeting later this month. After the G20 Finance Minister and Central Bank Governors' meeting, Kuroda said that the Bank of Japan will conduct thorough discussions on monetary policy at the next meeting. Regarding the strong market expectations for a rate hike in September, Kuroda declined to comment, but he noted that recent economic data is consistent with the Bank of Japan's previous outlooks. This key statement implies that the Bank of Japan is moving forward with a rate hike as planned. U.S. Treasury Secretary Scott Branson further called on the Bank of Japan to take appropriate policy actions this week, reinforcing market expectations of an upcoming rate hike by the central bank. Overnight index swaps indicate that the market believes the probability of a rate hike by the Bank of Japan in September is around 99%.
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Source:Jin10 Data
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