At the National Credit Cooperative Conference, BOJ Governor Ueda Kazuo (植田 和男) indicated that the Bank intends to continue raising rates in line with economic, price and financial conditions. He said underlying inflation is approaching 2% and expressed the view that financial conditions remain accommodative.
In remarks delivered at the National Credit Cooperative Conference, BOJ Governor Ueda Kazuo (植田 和男) reaffirmed his intention to continue raising rates in line with economic, price and financial conditions.
He said that financial conditions are considered accommodative as the underlying rate of price inflation is expected to approach 2%.