# BOJ Governor Ueda Warns Inflation Risks

> Japan's central bank chief says inflation must not exceed 2% as policymakers prepare for rate hikes.
- Title: BOJ Governor Ueda Warns Inflation Risks · The Japan Times
- Summary: 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…
- Keywords: bank of japan, kazuo ueda, inflation, interest rates, boj, japan, news, politics, world, Governor, Ueda, Warns
- Source: The Japan Times — https://japantimes.co.jp/business/2026/10/17/economy/boj-2-percent-inflation
- Author: No Author
- Published: 2026-10-17T05:25:00+00:00
- Read time: 1 min
- Topics: bank of japan, kazuo ueda, inflation, interest rates, boj, japan, news, politics, world
## 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.
## Key takeaway

Bank of Japan Governor Kazuo Ueda stated he cannot tolerate underlying inflation rising above 2% in coming months.