The governor of the Bank of Japan, Kazu Ueda, predicted the impact of the recent U.S. and European banks’ stumbling over Japan’s financial system is limited.
The Governor of the Bank of Japan revealed high inflation expectations within his country, stressing that they continue to rise to record levels over the past period.
“Inflation expectations have risen within Japan, where they remain at high levels,” he added, noting: “The scheduled review will not provide any preconceived and specific idea of the Bank of Japan’s future monetary policy moves.”
On the other hand, the Bank of Japan expected to discuss the lessons learned from global banks’ failures at the forthcoming meetings, as well as at the upcoming G-7 finance ministers.
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