
Bank of Japan Governor Kazuo Ueda discussed various aspects of Japan's economic conditions and monetary policy decisions. He highlighted that overseas events could influence Japan's decision on issuing a central bank digital currency (CBDC) and noted the lack of specific timing for this decision. Ueda emphasized that other countries' CBDC decisions could inform Japan's decision-making process. Additionally, he mentioned some weakness in Japan's economy but sees a moderate recovery, expects solid wage growth, anticipates a gradual increase in trend inflation, and guides policy with a focus on economic and price developments.



🔴 BOJ GOVERNOR UEDA EXPECTS TEMPORARY FACTORS AFFECTING CONSUMPTION TO DISSIPATE
🔴 BOJ GOVERNOR UEDA EXPECTS ACCOMMODATIVE MONETARY CONDITIONS TO CONTINUE FOR TIME BEING
🔴 BOJ GOVERNOR UEDA GUIDES POLICY WITH FOCUS ON ECONOMY AND PRICE DEVELOPMENTS: SHORT-TERM RATE AS POLICY TARGET