BOJ Governor Ueda says food inflation in Japan may not be temporary

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TOKYO :Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will conduct monetary policy bearing in mind there are risks that food prices may continue to be high and affect people's inflation expectations".

"Rises in the prices of food, including fresh food, won't necessarily be temporary and there's the chance that this will impact people's mindsets and price expectations," he said.

Last July, the bank said it plans to halve its monthly Japanese government bond purchases to 3 trillion yen as of January-March 2026.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Food People Prices Policy Cent Central Ueda Bank Bond Governor Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 09:41:04 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26097513

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