[Uncut] Bank of Japan Governor Kazuo Ueda holds off on interest rate hike at press conference; focus on US economy and wage growth - KYODO NEWS - World Latest Movie, Series, Videos and Trailers | fetery.com

[Uncut] Bank of Japan Governor Kazuo Ueda holds off on interest rate hike at press conference; focus on US economy and wage growth

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Published on Streamed live on Dec 19, 2024

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At its monetary policy meeting on the 19th, the Bank of Japan decided to postpone raising interest rates. It will maintain the target for the policy interest rate, the unsecured overnight call rate, at around 0.25%. It is unlikely that the inflation rate will rise sharply, so the Bank will be keeping a close eye on the US economy, where there is a lot of uncertainty surrounding the policies of US President-elect Trump, and on wage increases in the 2025 spring labor offensive. The Bank will continue to support the economy with extremely low interest rates while exploring the timing of future interest rate hikes. #Bank of Japan #Bank of Japan #Interest rates #Economy #Ueda Kazuo #Monetary policy meeting #Policy interest rate #Unsecured overnight call rate #Trump #America #news #Kyodo News

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