The Governor of the Bank of Japan, Kazuo Ueda, has signaled a rate hike, stating that the inflation trend is close to the target.

PANews, December 1st news, according to Jin10 data, Bank of Japan Governor Kazuo Ueda just spoke, pointing out that the Japanese economy has moderately recovered, and the inflation rate is expected to briefly fall below 2% in the early part of the fiscal year 2026, before accelerating again, and roughly aligning with the 2% target in the latter half of the outlook period. He stated that the synchronized rise in wages and prices is strengthening, and the impact of the exchange rate on prices is increasing. To achieve the price stability target, the accommodative policy will be adjusted in a timely manner. If the economy and prices continue to improve, further increases in interest rates will be considered.