BOJ’s Ueda: Domestic investment expected to rise, but extent highly uncertain

Ueda's framing is notable less for the direction than for the explicit hedge: the BOJ is willing to signal an expected pickup in domestic investment while conceding it cannot size it. That gap matters because capital spending is one of the transmission channels the central bank watches when judging whether domestic demand can absorb a normalization path. The absence of any timeframe or figure leaves the market with a qualitative signal only, which tends to keep rate expectations sensitive to incoming data rather than anchored to guidance. Whether the uncertainty itself is later narrowed in BOJ communication is the open question.