- But it does warrant attention
- We lack enough data to determine next year’s wage outlook
- It depends on how US economic developments affect Japan’s corporate profits
- The uncertainty on how US tariffs will affect the global economy remains quite high
- It would be too late to wait until all hard data becomes available
- So we will scrutinise as much data as needed to make our policy decision
- That includes not only hard data but also corporate surveys
- Risk of delay in US data from govt shutdown is serious but we can extract information from other similar data
He’s offering up a bit of something for everyone but at the balance, it doesn’t seem like he’s pushing all too hard for a rate hike at the end of this month. And that’s arguably the main takeaway here
BOJ governor Ueda: The risk of us being behind the curve on inflation is not that big
