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MUFG says Japan rate increases will accelerate, due to more inflation pressure

  • MUFG Chairman comments
Eamonn Sheridan
19/11/2024 | 02:21 GMT

MUFG chairman says Japan’s rate increase will be accelerated because there is more inflation pressure.

Its been an active morning in Asia for yen:

  • USD/JPY drops towards 154.00
  • Japanese Economic Revitalisation Minister Akazawa says crucial to boost pay
  • Japan finance minister Kato - will continue to take action on excessive FX moves

USD/JPY now off its lows:

usdyen update 222 19 November 2024 2

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