Opening remarks - BOJ-IMES conference 2025

27 May 2025 · Kazuo Ueda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: inflation and price stability

27 May 2025 · Kazuo Ueda Wiki · Bank of Japan WikiOpening remarks - BOJ-IMES conference 2025

ContextOpening remarks by Kazuo Ueda, Governor of the Bank of Japan, at the 2025 BOJ-IMES Conference "New Challenges for Monetary Policy", hosted by the Institute for Monetary and Economic Studies, Tokyo, 27 May 2025.

Why it mattersJapan's governor opens a conference on measuring underlying inflation as food prices rise.

Problems raised

Food prices may affect underlying inflation.
Measures of underlying inflation disagree.
Supply shocks are frequent.

Solutions proposed

Watch food price effects carefully.
Improve measurement of underlying inflation and expectations.
Learn from other central banks.

Read full speech on bis.org ↗

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