Déjà Vu for BOJ Governor Ueda? Interest-Hike Strategy Stumbles on Its First Step

BOJ Governor Ueda Kazuo speaking to reporters at the Prime Minister’s Office on May 7, 2024. (© Jiji)

A monitor showing the closing price of the Nikkei Stock Average when the Nikkei fell by 4,451.28, the largest decline ever, on the afternoon of August 5 in Chūō, Tokyo. (© Jiji)