BOJ Governor Ueda Kazuo (植田和男) said he recognized that “the phase has changed” in terms of policy management and indicated that he would not rule out any particular approach to the pace or scale of future rate hikes.
BOJ Governor Ueda Kazuo (植田和男) said he recognized that “the policy phase has changed” in terms of monetary policy management. He indicated that he would not rule out any particular approach to the pace or scale of future rate hikes, suggesting a policy of maintaining flexibility in policy implementation.
As an explanation of the policy to date, Governor Ueda Kazuo (植田和男) said that raising underlying inflation to 2% had been the short-term policy objective. He added that if upside inflation risks materialize, it will be important to stabilize inflation at around 2% without adversely affecting the economy.