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🇸🇬 Singapore /Economy & Trade

BOJ will debate this month economy and price risks, Ueda says

From CNA · () English

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Newswire From a news agency Ongoing story
  • Bank of Japan Governor Kazuo Ueda said the bank’s board will discuss this month whether the economy is tracking its forecast and whether inflation risks are increasing.
  • Ueda said officials would carefully assess the cumulative economic impact of the five policy-rate increases made so far.

Bank of Japan Governor Kazuo Ueda said the central bank’s board will discuss this month whether the economy is developing in line with its forecast and whether inflation risks are rising.

“We have raised our policy rate five times so far, so we need to carefully scrutinize how the cumulative impact of the moves could affect the economy,” Ueda told a news conference after attending the G20 finance leaders’ gathering.

We have raised our policy rate five times so far, so we need to carefully scrutinize how the cumulative impact of the moves could affect the economy.

— Kazuo UedaThe Bank of Japan governor described the issue officials plan to assess at this month’s meeting.
About this summary

Originally published by CNA. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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