BOJ’s Ueda Says Underlying Inflation Is ‘Quite Close’ to 2% Target
Speaking in parliament, Governor Kazuo Ueda said strong global AI demand was boosting domestic capital expenditure and stressed the importance of anchoring inflation around the target.
Bank of Japan Governor Kazuo Ueda said on Monday that underlying inflation is “quite close” to the central bank’s 2% target, making it increasingly important to anchor inflation around that level. Addressing parliament, Ueda also said “very strong” global demand for AI was lifting domestic capital expenditure…