BoJ to tighten policy if economic projections hold, says Ueda
Governor says economy increasingly likely to realise bank’s baseline projections
The governor of the Bank of Japan has said it will continue to raise its policy rate if its economic projections hold.
In a speech to business leaders today (December 1), Kazuo Ueda said the BoJ recognised Japan’s real interest rates were “significantly low” and well below the neutral rate. “In other words, even if the policy interest rate is raised, accommodative financial conditions will be maintained,” he said.
The BoJ said in its most recent economic outlook report that Japan was expected to
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