Ueda Stops Short of Challenging Market Bets Against October BOJ Hike

TREE NEWS update: Bank of Japan Governor Kazuo Ueda gave little sign on Tuesday that he intends to challenge market bets that the central bank will not raise interest rates this month, reiterating the BOJ’s standing policy stance in brief remarks in Tokyo. “We will continue to raise the policy rate and adjust the degree of monetary easing in line with developments in economic activity, prices and financial conditions,” Ueda said, adding the BOJ will weigh the timing and pace of policy adjustments while assessing the likelihood of its baseline economic and price outlook and associated risks.