BoJ Governor Ueda says price trend is rising gradually and underlying inflation is gradually accelerating towards the 2% target

Governor Ueda's comments indicate a gradual improvement in price trends and underlying inflation in Japan, suggesting a targeted approach to achieving their 2% inflation goal.

Newsquawk StaffPublished 17 Mar 2026, 00:48 UTCOn the live feed at 00:28 UTC — 2 more headlines followed before this page went public

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00:46

PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai Precision Industry (2317 TT) Q4 (TWD) net fell 2% Y/Y to 45.21bln, rev. rose 22% Y/Y to 2.61tln; FY net rose 24% Y/Y to a record 189.35bln, rev. rose 18% Y/Y to a record 8.10tln

00:30

Singaporean Non-Oil Exports YoY (Feb) Y/Y 4.0% vs Exp. 4.9% (Prev. 9.3%, Rev. 9.2%)

00:28

BoJ Governor Ueda says price trend is rising gradually and underlying inflation is gradually accelerating towards the 2% target

00:21

PBoC is expected to set USD/CNY mid-point at 6.8874 (prev. 6.9057)

00:06

BoJ Governor Ueda is to appear in parliament from 09:23 local time (00:23GMT/20:23EDT)

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Says:

Will implement appropriate policy to maintain stable prices.
Will guide monetary policy suitably to steadily and durably achieve the 2% price target.
Expect underlying inflation to approach the target in the latter half of fiscal 2026 through fiscal 2027.
Reaffirmed stance that it will act flexibly in exceptional situations when JGB yields suddenly rise.
BoJ to conduct bond operations flexibly in exceptional cases.

Context

The timeline for reaching this target extends to late fiscal 2026, which positions the Bank of Japan as still accommodative in its monetary policies, particularly in managing JGB yields. This implies a continued environment of low rates, impacting the JPY and potentially supporting commodities like gold, which may react to currency fluctuations.

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