BoJ Governor Ueda affirms allowing market forces to set long-term rates, with "nimble" operations if spikes occur, and adjusting monetary support for accelerating inflation, prioritizing price stability.
Bank of Japan (BoJ) Governor Kazuo Ueda stated the central bank's basic stance is to allow market forces to set long-term interest rates, but it will conduct "nimble" market operations if long-term rates spike. Ueda also said that BoJ will adjust the degree of monetary support if underlying inflation accelerates as expected. The policy goal is price stability, and the bank will not guide policy to fund fiscal spending.
June 04, 2024
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