Kazuo Ueda, BOJ Governor since April 2023, is in the news as markets react to his cautious stance on rate hikes amid yen volatility and global inflation.
The yen has fallen to an eight-month low of 153.27 against the dollar, driven by receding speculation of a near-term BOJ rate hike. Treasury Secretary Bessent declined to comment on the currency level but praised BOJ Governor Ueda's capabilities. The move reflects market expectations and policy signals as of October 16, 2025.
Recent data shows UK inflation steady at 3.8% for September, below expectations, with food prices falling. Japan's inflation stayed at 2.8%, while euro area growth slowed to 0.9%. Central banks face pressure to adjust policies amid persistent price pressures.