
Bank of Japan Governor Kazuo Ueda said the central bank is normalizing policy to achieve price stability, with underlying inflation reaching 2% for the first time in many decades. The BOJ had held its benchmark rate at about 1.25% after rate increases in June and September, and Ueda said sustaining price stability would require years of policy adjustment.
Gradual BOJ policy normalization could support the yen against the dollar, lowering USD/JPY and changing the cost of imported feed and agricultural inputs for Japanese buyers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.