Business & Finance
BOJ’s Ueda Reiterates Risk of Inflation Exceeding 2% Target
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BOJ’s Ueda Reiterates Risk of Inflation Exceeding 2% Target The Bank of Japan sees the risk of inflation exceeding its 2% target and will conduct additional interest-rate hikes appropriately, Governor Kazuo Ueda said in speech Wednesday that reiterated policymakers’ recent messaging. “With underlying inflation moving toward 2% and financial conditions remaining accommodative, we expect to continue increasing the interest rate and adjusting the degree of monetary accommodation in response to...
BOJ’s Ueda Reiterates Risk of Inflation Exceeding 2% Target
The Bank of Japan sees the risk of inflation exceeding its 2% target and will conduct additional interest-rate hikes appropriately, Governor Kazuo Ueda said in speech Wednesday that reiterated policymakers’ recent messaging.
“With underlying inflation moving toward 2% and financial conditions remaining accommodative, we expect to continue increasing the interest rate and adjusting the degree of monetary accommodation in response to economic activity, prices and financial conditions,” Ueda said in remarks delivered by Deputy Governor Ryozo Himino. Ueda only returned to work Tuesday after being hospitalized for treatment of a liver cyst infection.