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SINTRA, Portugal- Bank of Japan (BOJ) Governor Kazuo Ueda on Wednesday said the central bank would see good reason to shift monetary policy if it became “reasonably sure” that inflation would accelerate into 2024 after a period of moderation.
The BOJ expected inflation to slow “for a while” due to the fading effect of past rises in import prices, before picking up again into 2024, Ueda said at a seminar hosted by the European Central Bank.
“But we are less confident about the second part,” he said, pointing to uncertainties over whether inflation would accelerate again after a period of moderation.
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