FILE PHOTO: Bank of Japan Governor Kazuo Ueda gestures as he speaks during a press conference after a policy meeting at BOJ headquarters, in Tokyo, Japan March 19, 2024. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO : Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will adjust the degree of monetary stimulus by scrutinising whether trend inflation will accelerate towards its 2 per cent target as projected.
The BOJ ended eight years of negative interest rates and other remnants of its massive stimulus programme last month on the view that sustained achievement of its 2 per cent inflation target has come into sight. "If we waited until trend inflation actually hit 2 per cent, inflation could have gained momentum and sharply exceeded 2 per cent. That would require raising rates aggressively. We wanted to reduce such risk," Ueda said, explaining why the BOJ exited its stimulus programme in March.
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Bank Of Japan Kazuo Ueda Monetary Stimulus Inflation Target Interest Rates Economy
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