BOJ chief says it is ‘still taking time’ to sustainably hit inflation goal

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2024.10.23 15:56

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda attends a press conference after its policy meeting in Tokyo, Japan, June 14, 2024. REUTERS/Kim Kyung-Hoon/File Photo

WASHINGTON (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that underlying inflation has been rising slowly, but it was “still taking time” for the country to achieve 2% inflation in a sustainable manner.

Ueda also told a panel at the International Monetary Fund that it was “very hard” to pin down the appropriate size of interest rate hikes from here on.

3 hours ago

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