① Regarding policy adjustments and the pace of interest rate hikes: Governor Ueda Kazuo's overall tone is hawkish, promising to continue to raise borrowing costs, and emphasizes that if financial conditions are judged to be too relaxed, the pace of interest rate hikes may be accelerated. However, he also pointed out that it is necessary to evaluate the impact of previous austerity policies. ② Regarding the outlook for inflation: Kazuo Ueda emphasized that inflation is now very close to the 2% target, and the risk of rising prices is increasing. ③ Regarding economic growth: We need to pay special attention to the development of the situation in the Middle East. Global AI demand will help boost the Japanese economy. ④ Regarding the trend of yen: Exchange rate changes now have a greater impact on prices than before, and upward price risks must be monitored more closely.

Zhitongcaijing · 1d ago
① Regarding policy adjustments and the pace of interest rate hikes: Governor Ueda Kazuo's overall tone is hawkish, promising to continue to raise borrowing costs, and emphasizes that if financial conditions are judged to be too relaxed, the pace of interest rate hikes may be accelerated. However, he also pointed out that it is necessary to evaluate the impact of previous austerity policies. ② Regarding the outlook for inflation: Kazuo Ueda emphasized that inflation is now very close to the 2% target, and the risk of rising prices is increasing. ③ Regarding economic growth: We need to pay special attention to the development of the situation in the Middle East. Global AI demand will help boost the Japanese economy. ④ Regarding the trend of yen: Exchange rate changes now have a greater impact on prices than before, and upward price risks must be monitored more closely.