BOJ Governor Signals Likely September Rate Hike

Bank of Japan Governor Kazuo Ueda signaled a strong likelihood of another interest rate increase this month, stating the central bank will debate upside price risks at its upcoming policy meeting while noting that economic data have broadly aligned with its projections. His comments, made after a gathering of Group of 20 finance leaders, have reinforced market expectations for a rate hike on September 18. Speaking to reporters in Asheville, North Carolina, Ueda said the BOJ's board will have a thorough debate on policy when it meets on September 17-18.