The post Delaying rate hike too long could cause sharp inflation appeared on BitcoinEthereumNews.com. Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that delaying interest rate hike for too long could cause sharp inflation and force the central bank to make rapid policy adjustment.  Key quotes Was able to have frank, good discussions with premier, ministers, will continue to closely communicate with the government. Won’t elaborate on what I discussed with premier, ministers. Want to make policy decision in December looking at wage information, as well as other data. Delaying rate hike too long could cause sharp inflation, force us to make rapid policy adjustment. Mix of the government’s proactive fiscal policy and the BOJ’s adjustment of monetary support will help achieve sustainable economic growth path. Uncertainties that we had focused on, which are the U.S. tariff impact and the U.S. economic outlook, have subsided significantly compared with a few months ago. Want to elaborate more on future rate hike path once we raise rates to 0.75%. Want to scrutinize whether no big negative information will come out from data that were not available during the US government shutdown. Market reaction As of writing, the USD/JPY pair is down 0.46% on the day at 155.45. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy… The post Delaying rate hike too long could cause sharp inflation appeared on BitcoinEthereumNews.com. Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that delaying interest rate hike for too long could cause sharp inflation and force the central bank to make rapid policy adjustment.  Key quotes Was able to have frank, good discussions with premier, ministers, will continue to closely communicate with the government. Won’t elaborate on what I discussed with premier, ministers. Want to make policy decision in December looking at wage information, as well as other data. Delaying rate hike too long could cause sharp inflation, force us to make rapid policy adjustment. Mix of the government’s proactive fiscal policy and the BOJ’s adjustment of monetary support will help achieve sustainable economic growth path. Uncertainties that we had focused on, which are the U.S. tariff impact and the U.S. economic outlook, have subsided significantly compared with a few months ago. Want to elaborate more on future rate hike path once we raise rates to 0.75%. Want to scrutinize whether no big negative information will come out from data that were not available during the US government shutdown. Market reaction As of writing, the USD/JPY pair is down 0.46% on the day at 155.45. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy…