Reported 5 months ago
Bank of Japan Governor Kazuo Ueda stated that the BOJ will proceed cautiously with inflation-targeting frameworks, noting unique challenges faced by Japan after years of ultra-easy monetary policy. Ueda highlighted the difficulty of estimating the neutral interest rate accurately in Japan due to prolonged near-zero short-term interest rates, while BOJ Deputy Governor Shinichi Uchida mentioned that anchoring inflation expectations to the 2% target remains a significant challenge despite progress in moving away from zero inflation expectations.
Source: YAHOO