BOJ’s Ueda Holds Regular Meeting With Ishiba to Discuss Economy.
Bank of Japan Governor Kazuo Ueda said he held a regular meeting with Prime Minister Shigeru Ishiba to exchange views on the economy and financial markets ahead of a Group of 20 meeting next week.
This was the first meeting for the pair since October when Ishiba had just begun his time in office. Ueda describing Thursday’s meeting as part of regular protocol is usually a sign that nothing urgent had triggered the gathering, an event that often becomes a source of market speculation.
Ueda said he didn’t discuss long-term interest rates with Ishiba, when asked by reporters. Benchmark 10-year bond yields have recently been rising, and on Thursday they hit the highest level since 2009 as traders reassessed the BOJ’s rate hike path.
The central bank raised borrowing costs to 0.5% last month, marking the third hike in a year, as said it will keep raising rates if its economic outlook is realized.
Source: FINANCE.YAHOO
