Bank of Japan Governor Kazuo Ueda said the central bank will continue raising interest rates as underlying inflation gradually approaches its 2% target and financial conditions remain relatively accommodative. He also said the BOJ will keep adjusting its monetary easing policy step by step. Ueda added that maintaining the stability of the 2% inflation target is becoming increasingly important. During this week’s meeting, he said, he had not heard any views that diverged from the BOJ’s basic assessment. The central bank will also keep watching how yen weakness, developments in artificial intelligence, and the situation in the Middle East could affect the path of prices. The remarks were cited by Jin10 in an Odaily report.
Bank of Japan Governor Kazuo Ueda said the central bank will continue raising interest rates as underlying inflation gradually moves closer to its 2% target and financial conditions remain relatively accommodative.
Ueda said the BOJ will also adjust its monetary easing policy step by step. He added that maintaining the stability of the 2% inflation target is becoming increasingly important.
During this week’s meeting, Ueda said he did not hear any views that differed from the BOJ’s basic assessment. He also said the central bank will continue to monitor the impact of yen weakness, developments in artificial intelligence, and the situation in the Middle East on price trends.
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