How to allocate rate hikes ‘keeps me awake 24/7’, says BoJ’s Ueda
Governor reflects on past steps in policy normalisation and Japan’s ageing population
Bank of Japan (BoJ) governor Kazuo Ueda has said the issue of how to deliver interest rate hikes keeps him awake at night.
When asked, during the International Monetary Fund (IMF) annual meetings yesterday (October 23), what caused him to lose sleep, Ueda replied: “I think about what would be the right size of normalisation in total going forward, and how best to allocate [those] total rate hikes across time optimally. That keeps me awake 24/7.”
However, the governor said the bank was “still
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