Bank of Japan Governor's Meeting: This is how experts see it

July 31, 2024 6:31 PM GMT+9 (some excerpts)

Bank of Japan Governor Ueda Kazuo indicated at the press conference after the monetary policy meeting on the 31st a policy to raise additional interest rates if the economic/price situation continues as expected, and clearly stated that he “does not recognize” that 0.5%, which is the peak of the previous interest rate hike phase from 2006, will become a “wall” with respect to policy interest rates.