Ueda says BoJ could end negative rates soon

Governor says it is “not impossible” that data will be strong enough by end of this year

Kazuo Ueda
Kazuo Ueda
Photo: Wikimedia/内閣官房内閣広報室 (http://bit.ly/3zPCME1)

Bank of Japan governor Kazuo Ueda has hinted at a possible exit from negative interest rate policy in the coming months, if data comes in strong enough.

“It is not impossible that we will have enough information and data by the end of this year,” Ueda said in comments to newspaper the Yomiuri Shimbun.

Ueda said a key element will be continued increases in wages, as well as sustained inflation. If the outlook for the spring is strong, the central bank could move its policy rate out of negative

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