Latest from Kazuo Ueda! Act "cautiously" on raising interest rates, will the Bank of Japan reduce bond purchases as early as next week?

Prospects for US Federal Reserve interest rate cuts and the Japanese yen.

Gelonghui FinanceJun 6 04:49 ET

Ueda Kazuo reiterated his determination to reduce bond purchases. The Bank of Japan may act as early as next week.

Recently, the Governor of the Bank of Japan, Haruhiko Kuroda, made a statement that strengthened the market's expectation of the central bank steadily reducing its assets and liabilities by nearly $5 trillion.

Zhitong FinanceJun 6 04:08 ET

Bank of Japan official: Wage and inflation growth is still not significant, maintaining the current monetary policy is appropriate.

On Thursday, June 6th, Toyoaki Nakamura, a member of the Bank of Japan's Board of Directors, stated that he is not completely confident that wages and inflation will continue to rise, and believes that the bank's current monetary policy is appropriate for the time being. Nakamura said, "I don't have confidence in the sustainability of wage growth." "I believe that corporate governance reforms driving economic growth have not had a significant impact on small and medium-sized enterprises." Data released by Japan's Ministry of Labor on Wednesday shows that actual wages in Japan fell 0.7% year-on-year in April, the 25th consecutive month of year-on-year decline, but far below the 2.1% decline in March.

wallstreetcnJun 6 02:10 ET

BOJ's Ueda: Price Expectations Must Be Around 2% for Price Target

The Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that inflation expectations are gradually rising but yet to reach 2%, adding that the Japanese central bank will move cautiously on interest rates to avoid any big mistakes.

FXStreetJun 6 01:06 ET

BoJ's Nakamura: Inflation May Not Reach 2% From FY 2025 on If Consumption Weakens

The Bank of Japan (BoJ) board member Toyoaki Nakamura said on Thursday that based on current data, it is appropriate to maintain policy intact for the time being, per Reuters.

FXStreetJun 5 22:05 ET

Japan Labor Data Suggests Gradual Wage Growth Continues -- Market Talk

Japan labor survey data for April confirms that the gradual increase in wage growth continues, ING economists say.

WSJJun 4 21:44 ET