MNI BRIEF: BOJ's Ueda Sticks To Gradual Hike View
Jun-20 07:39By: Hiroshi Inoue
Bank of Japan+ 1
Bank of Japan Governor Kazuo Ueda on Friday reaffirmed that the BOJ will raise the policy interest rate to adjust the degree of monetary easing if the outlook for the economy and prices is realised, noting that real interest rates remain significantly low.
However, he downplayed the likelihood of an imminent hike, citing the need to monitor domestic and global economic and price conditions carefully, as well as financial market developments, amid high uncertainty.
The BOJ will manage policy appropriately in line with evolving conditions to achieve its 2% inflation target, Ueda said at a meeting of shinkin bank associations.
He added that Japan’s financial system remains stable.
