- Himino underscored risks that inflation exceeds expectations, reinforcing market expectations for additional BOJ monetary tightening.
- The deputy governor did not directly signal an interest-rate increase at the BOJ’s September meeting.
- The yen held steady and Japanese bond yields were choppy as markets priced in a September rate increase.
Quotes
“the Middle East conflict, demand for funds for the buildout of artificial intelligence and the weaker yen could raise inflation.”