Deputy Governor Uchida discusses "basic thinking" on potential policy revisions
Key points
- Deputy BoJ Governor Shinichi Uchida discussed "basic thinking on potential revisions" to monetary policy in February 8 speech to business leaders
- He emphasized that Bank envisions "very gradual path" for policy rate hikes after NIRP was terminated
- Stance outlined by Uchida, including short-term policy rate guidance, was largely in line with our expectations
