BOJ signals more rate hikes as it sees receded overseas risks

Bank of Japan Governor Kazuo Ueda said Thursday the country faces smaller risks from the U.S. and other overseas economies, signaling that the central bank is closer to an additional interest rate hike, possibly in the coming months.The BOJ kept its policy rate unchanged at around 0.25 percent, as widely expected at the end of a two-day meeting earlier in the day, amid political uncertainty following the loss by the Japanese ruling parties of their majority in the recent general election and ahead of the U.S. presidential election next week.However, Ueda suggested at a post-meeting press co…READ FULL ARTICLE