BOJ’s Ueda expects AI demand to drive demand-pull inflation

Ueda's framing matters because it recasts AI from a productivity and growth story into a potential inflation channel, which shifts how a central bank might weigh AI-driven demand against its policy stance. The remark lands with little supporting detail, so its significance is more signaling than substance — it hints that AI demand is entering the BOJ's inflation-monitoring vocabulary. Whether that view hardens into an actual policy consideration, and what evidence the BOJ would use to distinguish demand-pull AI effects from supply-side or transient ones, is the open question worth watching.