BOJ statement imminent: Markets eagerly await comments from Governor Ueda

<p>Japan's 10-year government
bond yield rose on Tuesday ahead of the Bank of Japan statement due later:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-policy-meeting-preview-2024-could-be-the-game-changer-20231218/" target="_self">Bank of Japan policy meeting preview: 2024 could be the game changer</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-statement-is-due-tuesday-preview-20231218/" target="_blank" data-article-link="true">Bank of Japan statement is due Tuesday – preview</a></li></ul><ul><li>J<a href="https://www.forexlive.com/centralbank/japans-economy-minister-will-attend-todays-bank-of-japan-meeting-20231218/" target="_self">apan's economy minister will attend today's Bank of Japan meeting</a></li></ul><p>There is no firmly scheduled time for the announcement, expect it between 0230 and 0330 GMT (which is 2130 – 2230 US Eastern time). Bank of Japan Governor Ueda's press conference will follow at 06030 GMT (this is scheduled).</p><p>The BOJ is widely expected to keep its short-term rate target at -0.1% and that for the 10-year government bond yield around 0%.
</p><p>Markets are on the lookout for comments from Ueda. If he indicates he sees inflation becoming more sustainable and stable at 2% he it could set the stage for a policy move at the January 23 meeting</p><ul><li><a href="https://www.forexlive.com/centralbank/is-the-bank-of-japan-planning-to-exit-negative-rates-sooner-than-expected-20231213/" target="_blank">Is the Bank of Japan planning to exit negative rates sooner than expected?</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.