BOJ to keep hiking rates if economy, prices move as expected: Ueda

Remarks come amid speculation of rate hike as early as December

20241118 BOJ Ueda Kyodo

Bank of Japan Gov. Kazuo Ueda speaks at a meeting with local economic groups in Nagoya on Monday. © Kyodo

TOKYO (Kyodo) -- The Bank of Japan will continue to raise its policy rate from the current level of around 0.25% if the economy and prices move in line with expectations, Gov. Kazuo Ueda said Monday.

His remarks came amid speculation that the central bank may implement a hike as early as December, while he said the BOJ will make policy decisions at each meeting based on its latest assessment and outlook for economic and price activities.

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