BOJ Chief Says Strategy Backed by Below-Target Inflation
- Ueda says China’s economic slowdown a ‘disappointment’
- Central bank governor speaks at Fed’s Jackson Hole symposium
Kazuo Ueda
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Bank of Japan Governor Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current monetary-policy strategy.
“We think underlying inflation is still a bit below our target of 2%,” Ueda said Saturday during a panel discussion at the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. “This is why we are sticking with our current monetary easing framework.”