Kazuo Ueda: The impact of tariffs is beginning to intensify, and it is necessary to pay attention to the downside risks to the economy and prices
2025-09-19 07:17:22
On September 19, Kazuo Ueda, the governor of the Bank of Japan, said at a press conference that my personal view is that the underlying inflation rate is still slightly below 2%, but it is approaching that level. As for the view of Bank of Japan deliberator Naoki Tamura, upward pressure on prices is certainly one of the risks. But I think we also need to pay attention to downside risks to the economy and prices as the impact of US tariffs will start to intensify.
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