BOJ governor Ueda: Will raise rates if forecast of underlying inflation materialises

  • Remarks by BOJ governor, Kazuo Ueda, in parliament
BOJ AI
  • Will continue to guide policy from standpoint of sustainably achieving 2% inflation target
  • Underlying inflation gradually accelerating due to wage hikes
  • Will raise rates if forecast of underlying inflation towards 2% target materialises
  • Will carefully examine global, domestic economic developments including US tariffs
  • No comment on specific FX levels
  • Important for FX to move stably reflecting economic fundamentals

Nothing that we haven't heard before from Ueda as he is answering some questions from lawmakers in parliament today.

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