Channel NewsAsia
AsiaPac · 2 hrs ago
BOJ Governor Ueda's comments at news conference
FILE PHOTO: Bank of Japan Governor Kazuo Ueda attends a press conference after a BOJ policy meeting in Tokyo, Japan, March 19, 2026. REUTERS/Kim Kyung-Hoon/File Photo 31 Jul 2026 02:58PM July 31 : The Bank of Japan kept interest rates steady on Friday but signaled its resolve to continue pushing up borrowing costs, in the wake of the government's yen-buying intervention overnight that failed to give the sagging currency lasting support.Board member Hajime Takata was the sole dissenter to the decision, calling for a rate hike to 1.25 per cent to respond to inflationary risks from external demand shocks.Following are excerpts from BOJ Governor Kazuo Euda's comments at his post-meeting new conference, which was conducted in Japanese, as translated by Reuters: RISK OF INFLATION OVERSHOOT"At a
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