BOJ Gov Ueda says monetary easing policies are not aimed at funding government spending

Bank of Japan Governor Ueda:

  • BOJ’s monetary easing is not aimed at funding government spending
  • Consideration towards govt's debt-financing cost won't constrain necessary monetary policy moves
  • Dealing with cost-push inflation with monetary policy is very difficult, it's about striking a balance between need to curb inflation and supporting economy
  • Cost-push inflation driven by rising raw material costs seems to be subsiding in Japan
  • Risk of rise in inflation driven by lost of market trust in Japan's finances low for now
Ueda samurai meme

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