Makoto Ueda, Deputy Governor of the Bank of Japan, reaffirmed that a rate hike remains on the table should the projected economic outlook come to fruition. During a question-and-answer segment in the Japanese Diet, he highlighted that volatile swings in the foreign exchange market have complicated corporate planning and heightened economic uncertainty. As a result, it is imperative to vigilantly observe whether the economic forecast will unfold as anticipated, devoid of preconceived biases.
