Highlights from BoJ Governor Ueda’s Remarks Ueda said Japan | xChief | Global

Highlights from BoJ Governor Ueda’s Remarks

Ueda said Japan’s economy is on a path of “modest recovery,” although signs of weakness remain.

Economic growth for the rest of the year is expected to be mild and limited.

The Bank of Japan attributes this limited growth to the impact of global trade conditions, which have weighed on external demand and reduced corporate profits.

If the economy and inflation evolve in line with the BoJ’s forecasts, the central bank will continue moving toward further rate hikes.

Ueda emphasized that Japan’s inflation is highly sensitive to currency fluctuations, and BoJ policy decisions will continue to reflect that dependence.

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