The Bank of Japan published a Japanese translation of a speech by Deputy Governor Uchida Shinichi (内田 真一) titled “AI, Big Data and Monetary Policy.” It noted that AI is creating a major positive demand shock, pushing up the economy and prices.
On the 5th, the Bank of Japan published a Japanese translation of Deputy Governor Uchida Shinichi's (内田 真一) speech, “AI, Big Data and Monetary Policy.” As its keynote, it explains that AI is boosting demand and pushing up economic activity and the price level.
The basis for publishing the Japanese translation is its view that AI could also affect future price trends. The text does not provide additional specific data or timing information.