BOJ Deputy Governor Uchida says if forecasts met the Bank will adjust policy further
Uchida reaffirmed his hawkish stance, stating that the central bank will continue raising interest rates if its economic forecasts are met. Speaking on the ongoing policy shift, he noted that Japan’s exit from its long-standing ultra-loose monetary policy has only just begun.
On the economic outlook, Uchida projected that both actual and underlying inflation will likely stabilize around 2% from the second half of 2025 onwards. He also expressed confidence that Japan’s economy will continue to expand above its potential, with steady wage growth supporting private consumption and capital expenditures (CAPEX).
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This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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