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Reported Takaichi reservations about further BOJ rate hikes

Reuters reported an unconfirmed account that Takaichi conveyed reservations about further BOJ rate hikes to Ueda; Ueda was also reported to have said she made no specific monetary-policy requests.

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  1. Sanae Takaichi
    Takaichi

    Japan

    Statement summary

    Takaichi expresses concern about further BOJ rate hikes in an unconfirmed news report

    Takaichi expresses concern about further BOJ rate hikes in an unconfirmed report of reservations conveyed to Ueda.

    Source excerpt

    NEW YORK, Feb 24 (Reuters) - The Japanese yen slipped on Tuesday after a news report that Japanese Prime Minister Sanae Takaichi had conveyed her reservations about further interest rate hikes to Bank of Japan Governor Kazuo Ueda, raising doubts over the next rate increase. The report, if true, signals potential friction over monetary policy that could complicate the BOJ's timetable as coordination with the newly strengthened administration becomes more delicate. "This is definitely the fear that I think has been weighing on markets," said Eric Theoret, currency strategist at Scotiabank in Toronto. "We're getting news that there may have been, if not pressure, at least a communication of disagreement." Ueda had characterized the meeting last Monday as a general exchange of views on economic and financial developments, and had said the prime minister had not made any specific monetary...

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