Shows Cautious View on Rate Hikes, Citing Tariff Impact

TOKYO, Oct 04 (News On Japan) - Bank of Japan Governor Kazuo Ueda indicated that the pace of Japan’s economic growth is expected to temporarily slow due to the effects of tariffs, while predicting that growth will pick up again as overseas economies recover. Speaking in Osaka on October 4th at a meeting with the Kansai business community, Ueda stressed that monetary policy would be guided by overall economic and price conditions.

On the possibility of raising interest rates, Ueda said the central bank would "adjust the degree of monetary easing by raising policy rates in line with economic and price developments." His comments reflected a cautious stance, suggesting that while inflation trends and global conditions will shape the timing of rate hikes, the BOJ remains committed to maintaining flexibility in its policy approach.

The governor’s remarks drew attention as markets continue to watch for signs of a shift in Japan’s long-standing accommodative monetary policy. With tariffs weighing on near-term growth but external demand showing signs of recovery, the path of BOJ rate decisions remains in focus for investors and businesses alike.

Source: Television OSAKA NEWS

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