The Governor of the Bank of Japan Ueda says that the high inflation trend is likely, but it's gonna take some time.
The Governor of the Bank of Japan, Kazuo Ueda, said that the high inflation trend was likely, but it would take some time.
- The trend is likely to swell in the future, but it's going to take some time.
- A strict time frame cannot be set to reach the target price
- When uncertainty is too high, setting a time frame for reaching the target price may have an unexpected impact on markets
- The time it takes for monetary policy to have an impact on the economy can move a lot, even though it's not more than 10 years.
- Early emphasis may harm companies, even healthy ones, and weaken the potential of the economy
- Patience in maintaining an easy policy would help increase Japan's potential long-term growth.
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