BoJ’s Ueda sees hope of achieving inflation target

Japanese firms are more willing to raise wages and prices but uncertainties remain, governor says

Kazuo Ueda
Kazuo Ueda
Photo: Wikimedia/内閣官房内閣広報室 (

The Bank of Japan’s (BoJ) governor Kazuo Ueda said the prospects of achieving its 2% inflation target seem to be “gradually rising”.

Ueda cited increasing inflation expectations and changes in firms’ wage-setting behaviour in his comments today (November 6). The BoJ’s policy board further loosened its yield curve control (YCC) policy on October 31.

At its October 30 and 31 meeting, BoJ policy-makers decided to scrap the rigid 1% yield cap on the 10-year Japanese government bond. They said it

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