BoJ Governor Ueda says no change to BoJ view that expects underlying inflation to be around 2% from H2 2026
- Underlying inflation is not anchored at 2%.
- Held rates because the likelihood of the main scenario outlook has lowered.
Context
BoJ Governor Ueda's comments indicate that while inflation expectations remain around 2% in the medium term, the lack of anchoring suggests ongoing uncertainty in the economic outlook. This dovish tone implies that interest rates may remain lower for longer, potentially impacting the JPY and making fixed income assets more attractive as the market reassesses risk and inflation outlooks. Overall, this could signify a cautious stance from the BoJ, which might also affect commodity prices, including gold, in the long run.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#JAPAN#JPY#ASIA#GOVERNOR#BOJ#IMPORTANT#FIXED INCOME#METALS#EU SESSION#CENTRAL BANK#INFLATION#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)#JGB