Japanese government bond yields retreated from session highs on Thursday after Bank of Japan Deputy Governor Ryozo Himino stopped short of indicating when the central bank could next raise interest rates, while emphasising the need for timely policy adjustments, Reuters reported.
In a closely watched speech, Himino said policymakers should conduct in-depth deliberations on price pressures at every policy meeting. His remarks reinforced expectations that the BOJ remains on a path towards further monetary tightening, but offered no clear signal that a rate hike would come at the central bank’s September meeting.
