Bank of Japan governor Kazuo Ueda has hinted that rate hikes will continue, despite the government having nominated two ostensibly dovish academics to the bank’s board.

Repeating a line he has used before, Ueda said in an interview today (February 26) that the BoJ would continue to raise its policy rate if its current economic projections materialised. 

The governor said he expected the bank’s inflation target to be met between October and April of 2027. He added that this could be achieved