TechFlow reported on September 24, citing Jinshi Data, that Bank of Japan Governor Kazuo Ueda stated the central bank must implement monetary policy flexibly rather than adhering to a fixed timetable, given the high degree of uncertainty facing the current economy and price developments.
Ueda noted that Japan's real interest rates remain deeply negative, a condition that continues to stimulate economic growth and drive up prices. He said the central bank would consider raising interest rates if economic and price developments follow the projections outlined in its quarterly outlook report. In particular, rate hikes would become an appropriate option when trend inflation rises as expected.
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