At a press conference in Thailand, Bank of Japan Governor Ueda Kazuo (植田 和男) said that underlying inflation was approaching 2%, but stressed that he would not tolerate an increase above 2% and indicated a policy of continuing to raise interest rates.
Bank of Japan Governor Ueda Kazuo (植田 和男) held a press conference while visiting Thailand. He indicated that underlying inflation was approaching 2%.
Governor Ueda Kazuo (植田 和男) stressed that he could not tolerate inflation rising above 2%, expressed caution over the risk of a sharp acceleration in prices, and reiterated his indication that the Bank would continue raising interest rates.
These remarks have drawn market attention to domestic price trends and the continuity of monetary policy operations.