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KAZUO UEDA

The Bank of Japan headquarters in Tokyo on Friday
BUSINESS / Economy
Jan 25, 2025
Central bank appears poised to break through 0.5% rate barrier this year
The central bank's board voted Friday to increase its target for its short-term policy rate to around 0.5% from around 0.25%.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after a two-day monetary policy meeting at BOJ headquarters in Tokyo on Friday.
BUSINESS / Economy / FOCUS
Jan 25, 2025
BOJ’s clear guidance on rate hike calms markets but may backfire
For some economists, the latest move was too completely priced in, begging the question of how explicitly the BOJ intends to signal its plans in the future.
Bank of Japan Gov. Kazuo Ueda had sounded dovish after the central bank's December policy meeting, which led some analysts to say that rate hikes might only emerge in March.
BUSINESS / Economy
Jan 24, 2025
BOJ takes rates to 0.5% amid calm markets after Trump inauguration
The 25-basis-point move marks the first rate increase since July and takes rates to their highest level since the 2008 global financial crisis.
Service inflation accelerated a tad to 1.6%, while an index excluding energy costs and fresh food prices advanced 2.4%, unchanged from the pace in November.
BUSINESS / Economy
Jan 24, 2025
Inflation in Japan jumps to 3%, supporting the BOJ's rate-hike case
The solid inflation data support the case for the Bank of Japan to raise interest rates on Friday, a move widely anticipated by markets and economists.
The Bank of Japan is set decide to raise interest rates at a policy meeting on Friday, according to Jiji Press.
BUSINESS / Economy
Jan 23, 2025
Bank of Japan set to raise rates on Friday, report says
The move would mark the central bank's first rate hike since July last year, when it increased rates to 0.25%.
Instead of the Bank of Japan's actions strengthening the yen as once hoped, recent steps have only caused further weakening.
COMMENTARY / Japan
Jan 22, 2025
Ueda’s doctrine for the BOJ is finally emerging
Instead of the Bank of Japan's actions strengthening the yen as once hoped, recent steps have only caused further weakening.
Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
BUSINESS / Economy
Jan 21, 2025
BOJ likely to raise rates this week in absence of immediate Trump tariffs
The possibility is "quite high" if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
Many of the economists noted the interest rate hike is likely unless Donald Trump jolts global financial markets, after he returns to the White House four days before the Bank of Japan’s policy decision.
BUSINESS / Economy
Jan 17, 2025
More than 70% of BOJ watchers expect a rate hike next week
BOJ Gov. Kazuo Ueda reinforced his deputy’s message this week that his board will consider a rate hike at the meeting, boosting the yen and expectations for action.
Bank of Japan Gov. Kazuo Ueda
BUSINESS / Economy
Jan 15, 2025
BOJ’s Ueda joins deputy chief in flagging chance of January hike
Following Ueda’s remarks, the yen strengthened as much as 0.4% to ¥157.34 against the dollar.
Former Bank of Japan board member Makoto Sakurai sees the likelihood of a hike in March as high as 70%, as the central bank may be better off waiting out at least the first couple of months of the new administration of incoming U.S. President Donald Trump.
BUSINESS / Economy
Jan 9, 2025
Former BOJ board member sees rising chance of March rate hike
Makoto Sakurai says the central bank may wait out at least the first couple of months of the new administration of incoming U.S. President Donald Trump.
The yen hit its lowest level against the dollar since July on Tuesday, prompting a warning from Finance Minister Katsunobu Kato over speculative moves.
BUSINESS / Markets
Jan 7, 2025
Japan warns on speculative FX moves after yen hits six month low
Any further changes in expectations over the trajectory of rates in the U.S. or Japan could sharply ramp up speculation of renewed intervention.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a BOJ policy meeting in Tokyo on Thursday.
BUSINESS / Economy
Dec 19, 2024
Bank of Japan opts for caution as Trump factor and wage concerns weigh
Ueda said that it might take quite a while to fully assess Japan’s wage-growth trend and the impact of the economic policies of the Trump administration.
Bank of Japan Gov. Kazuo Ueda gives a press conference in Tokyo on Oct. 31.
BUSINESS
Dec 19, 2024
BOJ meets for final rate review this year as Trump risk clouds outlook
Sources have said the BOJ is leaning toward keeping interest rates steady at the two-day meeting concluding on Thursday.
Bank of Japan Gov. Kazuo Ueda. The central bank's policy board meets this week.
BUSINESS / Markets
Dec 16, 2024
Uncertainty reigns as BOJ rate bets almost evenly split
Slightly less than half of surveyed economists expect the central bank to raise rates this week while just over half believe it will wait until January.
Bank of Japan Gov. Kazuo Ueda said in a Nikkei interview last month that hikes are "nearing.”
BUSINESS / Economy
Dec 12, 2024
BOJ said to see little cost to waiting for next rate hike
At the same time, some officials are not against a rate hike at this meeting if it is proposed, sources have said.
Ryozo Himino, deputy governor of the Bank of Japan, is scheduled to give a speech on Jan. 14, a rare step for the bank before its policy meeting later in the same month.
BUSINESS / Economy
Dec 10, 2024
BOJ plans a rare January speech that may lift rate hike views
By scheduling the speech before the January meeting, the BOJ will have a solid opportunity to telegraph its thinking on monetary policy.
Yoshihiko Noda, the leader of the Constitutional Democratic Party of Japan, speaks during an interview in Tokyo on Friday.
BUSINESS / Economy
Dec 6, 2024
CDP leader calls for gradual BOJ rate hikes
Yoshihiko Noda urged the central bank to keep a close eye on economic and overseas developments when raising rates.
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
BUSINESS / Economy
Dec 3, 2024
BOJ weighs case for first triple hike since Japan’s bubble burst
The last time the BOJ conducted three hikes in a single year was in 1989, with the third increase that year coming on Christmas Day.
Japanese companies' capital expenditure on goods excluding software rose 9.5% year on year in the three months through September.
BUSINESS / Economy
Dec 2, 2024
Japanese firms boost capex in sign of confidence holding up
Expectations are also growing for the Bank of Japan to raise rates sooner rather than later.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 30, 2024
BOJ's Ueda says rate hike timing 'approaching,' Nikkei reports
The remarks reinforce growing market expectations that the BOJ will raise its short-term policy rate from the current 0.25% as soon as its next meeting on Dec. 18-19.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
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