Unstable markets, uncertainty require vigilance: BOJ Governor Ueda

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Unstable markets, uncertainty require vigilance: BOJ Governor Ueda - Business Standard

Quick Summary:

The government said Ishiba and Ueda will talk later on Wednesday, which will be their first meeting since Ishiba officially became premier on Tuesday.

His focus on the need to get Japan permanently out of deflation underscores the new administration's preference for the BOJ to go slow in hiking rates, analysts say.

Prime Minister Shigeru Ishiba on Tuesday urged the BOJ to maintain loose monetary policy, as the government strives to end economic stagnation.