According to Jinshi Data, Bank of Japan Governor Kazuo Ueda did not commit to tightening policy in the near future at the interest rate meeting, causing the yen to rise sharply and causing concerns among Japanese officials.
Ueda Kazuo said wage trends will become clearer in March and April next year, which may leave room for a rate hike in May, but this is more to keep options open.
Starting from the end of January, there may be major changes in US fiscal policy. Kazuo Ueda emphasized that they will be exposed to the information of the January branch manager meeting and need to make decisions based on the data of recent months. Although doubts about the recent rate hike have increased, the basic scenario of policy normalization at the January meeting still exists.