BOJ governor Ueda: Want to see early momentum of spring wage negotiations

  • Does that mean waiting until early next year?
BOJ Ueda
  • Want to collect information on initial momentum from spring wage negotiations
  • But not necessary to wait until final wage talk results are all in
  • Possible to change policy even in the middle of budget compilation
  • Will adjust monetary policy irrespective of political situation

Kind of some contradictory words there by Ueda but he's just trying to be diplomatic about everything it seems. He wants to maintain that the central bank will act regardless of Takaichi's policy leanings but then plays it down in saying that they still need time in assessing the situation amid US tariffs and the shuntō next year. The BOJ will meet next in December before the first two meetings in 2026 coming in January and then March.

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