Ueda may feel he is behind the curve – ex-BoJ official
Hayakawa points to inflation risks from high public spending and predicts up to four more hikes by 2027
Bank of Japan governor Kazuo Ueda may feel he has “fallen behind the curve,” a former senior official at the central bank has said.
In an interview with Bloomberg on December 10, former BoJ executive director Hideo Hayakawa said the bank might raise its benchmark policy rate as many as four times by 2027. “They are probably thinking they have completely fallen behind the curve,” he said, according to media reports.
The BoJ’s next rate decision is scheduled for December 19, and economists predict
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