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2026-06-04 10:02:23
[BNP Paribas: Kazuo Ueda's Speech Hints at Increased Likelihood of June Rate Hike] (1) BNP Paribas economists say that Bank of Japan Governor Kazuo Ueda's speech on Wednesday suggests that the likelihood of a rate hike this month is increasing. (2) Ueda pointed out that given the recent rise in long-term bond yields, it is necessary to ensure market confidence in the central bank's ability to control inflation. Economists believe this highlights the urgency that the central bank may be lagging behind the situation. (3) They added that a June rate hike should be considered highly likely regardless of whether the situation in the Middle East improves significantly or remains uncertain in the coming weeks.
