TOKYO -- During a news conference following the Bank of Japan's last monetary policy meeting in mid-June, its governor was uncharacteristically forceful.
Kazuo Ueda told reporters it was "absolutely possible" the central bank could raise interest rates in July, although he noted that this would, of course, depend on economic conditions. Turning to a decision to taper the central bank's mammoth purchases of Japanese government bonds (JGBs), he said the touted reduction would be by "a sizable amount" when it kicks off.
