- Won’t rule out possibility of hiking rates to address upside risks amid ongoing trade talks
- But that would require price risks to be so large that BOJ might fall behind the curve
- For now though, I don’t think upside price risks warrant an imminent rate hike
- No preset idea on next rate hike timing
- It could come sooner or later depending on tariffs and their impact to the economy
After all the hawkish talk from earlier, he waters it all down with the above comments. It’s a bit of a taboo to break ranks and I reckon he didn’t want it to appear that way.
This article was written by Justin Low at www.forexlive.com.
