BOJ’s rate hike plans hit a snag

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00:00Bank of Japan Governor Kazuo Ueda faces new challenges in raising borrowing costs

00:06as political shifts and a yen rebound complicate monetary policy.

00:11New Prime Minister Shigeru Ishiba recently stated that the economy isn't ready for

00:17further rate hikes, contradicting his earlier support for the BOJ's move away from extreme

00:23stimulus. His comments weakened the yen and raised concerns about the BOJ's aggressiveness

00:29in future rate increases. Analysts suggest that with a general election approaching on October

00:3527, the BOJ is likely to hold off on rate hikes at its upcoming meeting. Ueda, who initiated a

00:43rate hike after 17 years, now navigates a political landscape that prioritizes reflating the economy

00:50over immediate tightening.

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