Bank of Japan’s chief, Kazuo Ueda, indicated on Thursday that the institution will proceed with increasing interest rates should the fundamental inflation trend align with the projected 2% objective.
Nevertheless, according to Reuters, Ueda mentioned that the monetary authority will evaluate the realization of its projections “objectively,” taking into account incoming information.
Key statements
Global economic instability is on the rise.
The impact on business sentiment requires careful assessment.
We will thoroughly examine, without any preconceived notions, whether our projections are accurate, by analyzing diverse data as it emerges.
We will monitor a variety of data points, especially those concerning the economic effects of tariffs.
The primary focus is on achieving the BOJ’s 2% inflation goal in a sustainable and stable manner.
