Preview: Bank of Japan Governor will discuss the future interest rate path today at 2:30 PM

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BlockBeats News, December 19 — Bank of Japan Governor Ueda Kazuo will hold a press conference at around 3:30 PM local time (2:30 AM Beijing time) to further elaborate on the considerations behind this decision and the future interest rate path. The market generally expects the Bank of Japan to continue with a gradual, predictable, data-dependent approach to rate hikes rather than aggressive tightening. Additionally, after the rate hike announcement, the yen against the US dollar initially surged but then retreated, falling below the 156 level intraday, down 0.3% for the day. Market reactions indicate that this rate hike has been fully digested by investors and also confirm the central bank’s judgment — that the current rate adjustments are not enough to change the easing tone, and are more like a part of “gradual normalization.”

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