Japan’s Hayashi on rate hikes: Monetary policy should be considered, judged by BoJ

FXStreetSep 9, 2024 1:21 AM

View all comments（0）



Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that the “monetary policy should be considered, judged by the Bank of Japan (BoJ)” when asked about market expectations of further rate hikes by the BoJ.

Additional comments

I remember BoJ Governor Ueda has already said, with some conditions, BoJ is ready to go in that direction.
If economic situation requires stimulus, I would prefer increasing expenditure, payouts rather than tax reduction.

Market reaction

At press time, USD/JPY is trading 0.29% higher on the day, consolidating the upswing at around 142.70.

Reviewed byTony

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

USD/JPY Hits 160.00 Mark, Will Japanese Government Intervene? Will the Currency’s Rally Be Contained?

TradingKey - As of March 30, USD/JPY continued to fluctuate at high levels near the 160 mark, with the Yen falling to a nearly one-year low. Market expectations for potential intervention by Japanese authorities have intensified rapidly, while uncertainty surrounding the Bank of Japan's policy path

Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？

TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t

Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?

As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.

"Sell Japan" Overpowers the "Takanichi Trade": Three Keys to a Turnaround

TradingKey - Compounded by a slump in U.S. technology stocks, Japanese markets are currently experiencing a sustained "triple whammy" of declines across equities, bonds, and the yen. This "sell Japan" narrative has overshadowed the positive sentiment that followed the "Takaichi trade" in late

SoftBank Ditches Nvidia for OpenAI. Is Leveraging a 'SoftBank Discount' to Back OpenAI's Future a Smart Play?

TradingKey - SoftBank Group's net profit more than doubled in the third quarter of 2025, driven by substantial gains from its investment in OpenAI. This surge follows the conglomerate's decision to liquidate its Nvidia stake and increase its bet on OpenAI, a strategic pivot that now tightly links

Featured Tools