BoJ Governor Ueda says Middle East situation remains uncertain
Importance
Level 1
- Economy recovering modestly albeit with some weakness
- Japan's economic growth is likely to slow down in FY26 due to Middle East situation
- Growth to slow in FY26
- Need to pay close attention to the risk of inflation deviating upwards
- Will continue to lift the policy rate and adjust the degree of accommodation according to economic activity, prices, and financial conditions
- Takata suggested including a line on CPI already achieving the target level.
- Tamura suggested including a line that underlying inflation is in line with the inflation target in the outlook report