BOJ President Ueda to Speak in Nagoya on November 18, Expected to Provide Hints on Interest Rate Hikes

According to a statement from the Bank of Japan (BOJ), Governor Kazuo Ueda will deliver a speech in Nagoya on Monday, November 18. This will be Ueda's first public appearance since Donald Trump won the U.S. presidential election on November 5 and Japan's third-quarter gross domestic product (GDP) data showed a surprising flexibility in consumption. Ueda will speak between 04:00 and 05:30 UTC, answering questions from business executives, followed by a press conference from 07:45 to 08:15 UTC. BOJ governors visit Osaka and Nagoya annually to engage with business leaders and explain the rationale behind the central bank's monetary policy decisions. Ueda's remarks will be closely scrutinized by markets for clues on how soon the BOJ might raise interest rates, and analysts are divided on whether this might occur in December or January of next year.