BOJ’s Ueda: Timely, Appropriate Monetary Policy Key to Anchoring Inflation Expectations

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said timely and appropriate execution of monetary policy is crucial for stabilizing inflation expectations. Asked about the effects of global central bank rate hikes, Ueda said the BOJ will monitor mechanisms including medium- and long-term bond and foreign exchange markets. He said the BOJ will watch the cumulative effects of past rate hikes and financial conditions when setting policy, and will assess risks to its baseline scenario at every policy meeting, including in December.