The governor emphasized the priority of stabilizing underlying inflation at around 2% and warned that there is a risk of prices overshooting that target. He indicated that the bank will keep raising rates based on financial, price, and economic trends to manage this risk.
Tuesday, October 20, 2026
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BoJ’s Ueda Reaffirms Rate Hikes to Curb 2% Inflation Overshoot
Global Markets5 days ago
Bank of Japan Governor Kazuo Ueda will adjust the central bank's monetary stance in response to evolving price and economic trends. Ueda reaffirmed that the BoJ will continue gradually raising interest rates to maintain stability, noting that current financial conditions remain accommodative while price trends are currently approaching the target level.
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