Bank of Japan Governor Ueda Kazuo's remarks:

"Future changes in Middle East situations may lead to significant shifts in economic and price outlooks"
"Outlook reports assume easing of Middle East tensions and a decline in crude oil prices"
"Outlook reports assume no large-scale disruptions in supply chains"
"The baseline inflation rate is expected to reach roughly the target level from the second half of fiscal year 2026 to 2027"
"Risks of significant upward movement in prices are emerging, requiring close attention to prevent adverse effects on the economy"
"Real interest rates are extremely low; based on economic, price, and financial conditions, further adjustments to easing are considered"
"Monitor the impact of Middle East developments on the economy and prices, and assess the likelihood and risks of achieving the outlook"
"Committee Member Takada's revision proposal, which considers consumer prices to have roughly reached the target, was rejected"
"Committee Member Tamura's revision proposal, which considers baseline prices to be roughly aligned, was rejected"
"The likelihood of achieving the outlook has decreased compared to previous assessments"
"Check whether the economy is falling behind the curve, and make appropriate policy judgments at the next meeting"
"Reconfirm whether risks related to economic and price developments have changed"
"Risks of a sharp rise in inflation rates"
"Baseline prices are approaching 2%, but are not yet fully anchored"
"The risk that headline inflation will push baseline prices higher must be fully recognized"
"Overall, the risk of upward price movement remains significant"
It's time to raise interest rates~
#植田和男 #Japan to raise interest rates