BOJ’s Ueda: Will Weigh Rate Hike at Every Meeting Including December

Ueda's explicit refusal to pre-commit, while flagging December as live, keeps the BOJ's reaction function data-dependent rather than calendar-driven — a distinction that matters for how yen-funded carry and rate-sensitive crypto positioning get repriced around each meeting. The acknowledgment that underlying inflation is near target but not yet stable, plus the stated need to close the policy-to-neutral gap, signals the direction of travel without confirming timing. For RWA and digital-asset markets, the open question is whether a December move gets priced in gradually through data or arrives as a meeting-date surprise.