Bank of Japan Governor Ueda Warns on Inflation Expectations Risks on June 3

Bank of Japan Governor Ueda Kazuo warned recently that rising actual prices could push up public inflation expectations, potentially causing underlying inflation to deviate from and exceed the central bank's 2% target. Long-term rate increases have reflected an overshoot in market inflation expectations. While economic downside risks warrant monitoring, the BOJ prioritizes addressing upside inflation risks and their negative economic impacts.
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