BoJ Governor Ueda says want to take a little more time in gauging how Middle East situation would affect Japanese economy and prices

Governor Ueda's comments suggest a cautious approach by the BoJ regarding external shocks from the Middle East, indicating they may delay any policy adjustments as they assess potential impacts on the Japanese economy and inflation.

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BoJ Governor Ueda says no change to BoJ view that expects underlying inflation to be around 2% from H2 2026

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BoJ Governor Ueda says want to take a little more time in gauging how Middle East situation would affect Japanese economy and prices

BoJ Governor Ueda says likelihood of price and economic outlook materialising has fallen due to Middle East uncertainty

BoJ Governor Ueda says need to be mindful of further economic slowdown depending on supply shock levels; Japan economy has some degree of endurance

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This dovish tone could signal continued accommodative policies, which might keep pressure on the JPY and influence fixed income markets accordingly.

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