Bank of Japan Governor Kazuo Ueda’s absence from the Jackson Hole meeting has shifted attention to BOJ board member Naoki Tamura and Deputy Governor Ryozo Himino for clues on monetary policy. Markets are increasingly pricing in a September rate hike, with economists expecting the BOJ to raise its policy rate to 1.25%.
Bank of Japan Governor Kazuo Ueda’s absence from the Jackson Hole meeting has shifted attention to BOJ board member Naoki Tamura and Deputy Governor Ryozo Himino for clues on monetary policy. Markets are increasingly pricing in a September rate hike, with economists expecting the BOJ to raise its policy rate to 1.25%.
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