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BoJ's Ueda says Japan's economy is recovering moderately albeit with some weakness; Economic growth likely to slow but continue to moderate recovery

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BoJ's Ueda says Japan's economy is recovering moderately albeit with some weakness; Economic growth likely to slow but continue to moderate recovery

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  • Risk that underlying inflation may overshoot 2%.
  • Financial environment remains accommodative after recent rate hike; continues to support economic activity.
  • Timing and pace of future hikes will be decided by scrutinising the likelihood of baseline forecasts materialising, as well as risks.
  • Japan's Financial system remains stable as a whole.

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