- Then that would force us to make a rapid adjustment
- We want to make policy decision in December by looking at wage information as well as other data
- A mix of the government's proactive fiscal policy and BOJ adjustment of monetary support will help achieve sustainable economic growth path for Japan
- The uncertainties from before have subsided significantly as compared to a few months ago
- Want to elaborate more on future rate hike path once we get to 0.75% on rates
Well, well, well. This is a refreshing change of pace in commentary. Is Ueda trying to be more explicit in teeing up a rate hike for this month? The optics would've been better had they moved in October though to be honest. Because now when Takaichi has already laid out her own plans, it doesn't seem to tie together nicely with the government's initiatives. But hey, better late than never. USD/JPY continues to hold lower on the day, down 0.4% to 155.45 currently.
