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MNI BRIEF: Ueda Says BOJ's Easy Policy Must Be Maintained

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan governor nominee Kazuo Ueda said on Friday that the BOJ’s current policy is appropriate and the central bank will need to maintain easy policy.

Ueda told lawmakers that more time is needed to achieve the 2% price target in a stable and sustainable manner.

The BOJ should not take policy action to address high prices caused by the rise in import prices. If the BOJ addressed such a price rise, it will worsen the economy, Ueda said.

He added that the current BOJ policy is appropriate in helping it achieve the 2% price target. He added the BOJ should manage monetary policy based on economic and price conditions and their outlook.

Ueda said uncertainties are very high with regard to the outlook for the economy and prices at home and overseas.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
Central Bank NewsPolicy NewsAPACBank of Japan (BOJ) Market NewsJapanBank of JapanBriefStoryRegion
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
Central Bank NewsPolicy NewsAPACBank of Japan (BOJ) Market NewsJapanBank of JapanBriefStoryRegion

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