From The Japan Times · No Author · · 40s
BOJ Governor Ueda Warns Inflation Risks
Japan's central bank chief says inflation must not exceed 2% as policymakers prepare for rate hikes.
In brief
Japan's central bank chief says inflation must not exceed 2% as policymakers prepare for rate hikes. Bank of Japan Governor Kazuo Ueda stated he cannot tolerate underlying inflation rising above 2% in coming months. Originally reported by The Japan Times.
Ueda's inflation warning
Bank of Japan Governor Kazuo Ueda stated he cannot tolerate underlying inflation rising above 2% in coming months.
“Underlying inflation is already roughly around 2%, and we cannot tolerate it any further going forward”
Policy decision timeline
Ueda spoke two weeks ahead of BOJ's next policy meeting with inflation data expected to show 2.1% annual rise in September.
Inflation report details
Japan's latest inflation report shows overall prices rose 2.1% in September with costs excluding fresh food up 2.1% and prices subtracting both fresh food and energy 2.3% higher.
At a glance
Bank of Japan Governor Kazuo Ueda stated he cannot tolerate underlying inflation rising above 2% in coming months.
