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BOJ Governor Ueda states that despite the economy and prices falling short of projections, policy rates at 0.5% remain low.
BOJ Governor Ueda Says Despite Economy and Prices Falling Short of Projections, Policy Rates at 0.5% Remain Low
BOJ Governor Ueda says caution is needed because policy rates stay at a low 0.5%
Bank of Japan Governor Kazuo Ueda said the central bank will keep monetary policy accommodative, retaining the short-term policy rate at a low 0.5% even though economic growth and consumer prices are running below the bank’s earlier projections. Ueda cautioned that the prolonged period of low rates requires vigilance, and he pledged that the BOJ will make decisions at each Monetary Policy Meeting after assessing risks to its outlook for underlying inflation.
