Basic thinking on monetary policy and the outlook for economic activity and prices
19 May 2023 · Kazuo Ueda , Governor of the Bank of Japan (Japan)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability
KU 19 May 2023 · Kazuo Ueda Wiki · Bank of Japan Wiki Basic thinking on monetary policy and the outlook for economic activity and prices Context Speech at a meeting of the Naigai Josei Chosa Kai research institute in Tokyo, a month after taking office; the Bank of Japan pursues price stability and keeps easy policy for now.
Why it matters In his first speech as governor, Ueda signals continued easing.
Problems raised Japan faced low inflation and a lower bound on rates. Deflationary mindset is entrenched. Inflation drivers are uncertain. Solutions proposed Make logical decisions and explain them clearly. Maintain easing until sustainable inflation. Watch inflation expectations. Read full speech on bis.org ↗ More from Kazuo Ueda · Bank of Japan · all speeches
More speeches by Kazuo Ueda Other leaders on monetary policy and interest rates
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