Bank of Japan deputy governor indicates continued interest rate hikes likely

Uchida noted that the BOJ will base any interest rate hikes on economic and financial developments, reflecting a cautious approach devoid of preconceived notions. Governor Kazuo Ueda added that the focus will be on sustaining economic and wage growth.

The upcoming rate meeting on October 30th will be crucial, as most analysts forecast the rate could increase to 0.75%. The BOJ emphasizes a careful review of data before making any decisions.