:Bank of Japan Governor Kazuo Ueda said on Friday the central bank stood ready to raise interest rates if the economy and prices move in line with its forecast, while keeping a close eye on market developments.
FILE PHOTO: Bank of Japan Governor Kazuo Ueda attends a press conference after its policy meeting in Tokyo, Japan July 31, 2024. REUTERS/Issei Kato/File Photo
While watching the fallout from recent market volatility, Ueda said there was"no change to our basic stance to adjust the degree of monetary easing" if the bank became convinced that economic and price developments were moving in line with forecasts.
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