BOJ Gov Ueda says Japan's situation will become even more challenging in 2024

<p>Bank of Japan Governor Ueda spoke earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-gov-ueda-accommodative-financial-conditions-stimulus-is-supporting-japans-economy-20231207/" target="_blank" rel="follow" data-article-link="true">BOJ Gov Ueda: Accommodative financial conditions, stimulus is supporting Japan's economy</a></li></ul><p>More now:</p><ul><li>Challenging situation remains</li><li>It'll become even more challenging towards the end of this year and into early 2024</li></ul><ul><li>
BOJ has not made decision on which interest rate to target once we
end negative interest rate policy</li><li>Options include
raising rate applied to financial institutions' reserves at BOJ, or
revert to policy targeting overnight call rate</li></ul><ul><li>
Don't have any specific idea in mind on how much we will raise rates
once we end negative rate policy</li></ul><ul><li>
Whether to keep interest rate at zero or move it up to 0.1%, and at
what pace short-term rates will be hiked after ending negative rate
policy, will depend on economic and financial developments at the
time</li></ul>

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