BOJ Monetary Policy Navigator

  • Feb 13, 2024

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