Bank of Japan Governor Ueda's unusually long silence was a factor in the interlacing speculations of interest rate hikes before the decision meeting

2024/7/26 14:10 JST (some excerpts)
The period when there is no information transmission from Governor Ueda Kazuo before the Bank of Japan's monetary policy meeting is likely to be the longest so far. As a result, the difficulty of predicting monetary policies has increased, and there is a possibility that it is a factor that increases financial market volatility.
　　Governor Ueda did not speak publicly about monetary policy at the end of his remarks at the Diet on June 18. This length of silence is unusual for Mr. Ueda, who is one of the governors who frequently disseminates information among the world's major central banks, who sometimes makes statements many times a day.
　　Senior interest rate strategist Okumura Tsutomu of SMBC Nikko Securities stated “I don't think it was intentional” regarding the absence of Governor Ueda's statement in public. However, he said, “It will be one factor that causes the market's various expectations and conjectures to smoldering until the end.”