Ueda's Caution Risks Yen Punching Holes in BOJ Policy Logic [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
Most Read from Bloomberg Reviving a Little-Known Modernist Landmark in Buffalo The Architects Who Built Miami New York's Congestion Pricing Plan Still Faces Legal Hurdles New York City's Historic Preservation Movement Is Having a Midlife Crisis Mexico City to Boost Mobility, Security Ahead of FIFA World Cup Ueda's messaging may lose credibility if he ends up raising interest rates largely to protect the yen from further falls instead of moving when economic data supports a hike, according to economists. Last week's BOJ meeting was seen by many analysts as an ideal moment to hike rates with inflation, wages and the economy largely tracking the central bank's forecasts and with the yen showing more resilience against the dollar than last month. Some 86% of economists polled by Bloomberg before the decision said the time was ripe for a move. Instead, the central bank opted to bide its time. A complicated domestic political situation and uncertainties stemming from Donald
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