Bank of Japan Governor Ueda
- Trend inflation is likely to heighten ahead but it will take time
- Cannot set a rigid
timeframe for hitting our price target - When uncertainty is
so high, setting a timeframe for hitting the price target could have
unexpected impact on markets - The time it takes for the effect of monetary policy to appear on the economy could move a lot, though its not as long as over 10 years
-
Premature tightening could hurt companies even in good health, may
weaken economy’s potential - Patiently
maintaining easy policy would help heighten japan’s potential growth
in long run