BOJ's Ueda Signals Steady Hand on Rates and Inflation
BOJ Governor Ueda delivered a cluster of statements reaffirming the 2% inflation target, noting gradual progress on core CPI, and stressing that long-term bond yields are market-determined — even as Japanese household inflation expectations ran at 10–11.8%.
What we know
In a volley of dispatches, an account on X relayed BOJ Governor Ueda saying core inflation is 'gradually nearing 2%,' while pledging to keep it anchored there and monitoring bond markets closely. He also clarified that long-term yields are set by market forces reflecting multiple factors — a notable comment given recent JGB volatility. Separately, a BOJ survey showed Japanese households expect prices to rise 10–11.8% over the next year, far above the official 2% target, suggesting embedded inflation expectations remain problematic. Japanese PM Takaichi also pledged continued FX coordination with Washington.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.