BOJ's Uchida: Japan economy recovering moderately, albeit with some weak signs

  • Remarks by BOJ deputy governor, Shinichi Uchida
BOJ AI IL
  • Tankan survey showed business sentiment turns positive for some manufacturers
  • That as uncertainty over US tariffs outlook recedes
  • Business sentiment looks solid overall
  • Underlying inflation likely to stagnate for some period before reaccelerating gradually
  • Uncertainty surrounding overseas economic developments remain high
  • To continue raising interest rates if economy, prices move in line with our forecasts

He's not giving too much away but at the balance, it doesn't seem like they would be too pushy about a rate hike in two weeks' time. The comments above are fairly tame as compared to Tamura's remarks yesterday here, though Tamura is one of two dissenters in the previous meeting wanting to hike rates already.

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