· Kazuo Ueda Wiki · Bank of Japan WikiOld and new challenges for monetary policy
Read full speech on bis.org ↗ContextOpening remarks by Ueda Kazuo, Governor of the Bank of Japan, at the 2023 Bank of Japan and Institute for Monetary and Economic Studies (BOJ-IMES) conference, hosted by the Institute for Monetary and Economic Studies, Tokyo, 31 May 2023.
Why it mattersUeda reviews how inflation dynamics have changed in Japan.
Problems raised
- Monetary policy faces old and new challenges.
- Japan struggled with low inflation for decades.
- Inflation dynamics have changed recently.
Solutions proposed
- Learn from past research and experience.
- Adapt monetary policy to new circumstances.
- Use academic conferences to share ideas.