TOKYO -- Bank of Japan Gov. Kazuo Ueda said that the next rate hikes are "nearing in the sense that economic data are on track," in an exclusive interview with Nikkei.
Market players expect the BOJ to raise interest rates from 0.25% to 0.5% at its monetary policy meetings between Dec. 18-19 this year or Jan. 23-24 next year. However, Ueda has expressed caution about timing and has insisted that he would like to observe domestic wage trends and the political and economic situation in the U.S.
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