Bank of Japan Gov. Kazuo Ueda said that while his nation\u2019s inflation rate has reached policymakers\u2019 target, it\u2019s unclear how long it will stay there, and indicated it hasn\u2019t yet become embedded among the broader Japanese public.<\/p>\n
\u201cUnderlying inflation is 2% \u2014 our goal is to keep it there,\u201d Ueda said in a question and answer session after delivering a speech at the International Monetary Fund in Washington on Friday. \u201cI think we are in equilibrium,\u201d he said. \u201cWhether we could stay in that equilibrium for a very long time to come, we still don\u2019t know.\u201d<\/p>\n
The remarks come a week after the BOJ marked a milestone by declaring that underlying inflation had reached the bank\u2019s 2% target for the first time since the goal was introduced in 2013. Ueda didn\u2019t offer any specific guidance on the central bank\u2019s appetite to raise interest rates further, in an exchange with IMF Managing Director Kristalina Georgieva.<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Japan Gov. Kazuo Ueda said that while his nation\u2019s inflation rate has reached policymakers\u2019 target, it\u2019s…\n","protected":false},"author":2,"featured_media":909626,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28168,28,101,2402,28167,70749],"class_list":["post-909625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-boj","tag-business","tag-economy","tag-inflation","tag-japanese-economy","tag-kazuo-ueda"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/909625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=909625"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/909625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/909626"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=909625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=909625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=909625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}