Bank of Japan Governor "Considering Policy Revisions Including Negative Interest Rates"

"Review of Major Financial Easing Policy Adjustments" Announced
Decision Possible at Financial Policy Meeting on 18-19th

Kazuo Ueda, Governor of the Bank of Japan (Japan's central bank), stated on the 7th that if the situation allows for a forecast of achieving the inflation target, "we will consider revising large-scale monetary easing policies such as negative interest rates."

Kazuo Ueda, Governor of the Bank of Japan
[Photo by Yonhap News]

According to Kyodo News and others, Governor Ueda said this during a question from an opposition party member at the House of Councillors Budget Committee, adding, "We are paying close attention to the trends in the spring wage negotiations (Chuntu)."

The Bank of Japan is scheduled to hold a Monetary Policy Meeting on the 18th and 19th. Recently, there have been speculations in the local financial sector that the Bank of Japan may lift the negative interest rate measures in March or April.

Regarding the goal of steadily raising the inflation rate to 2%, Governor Ueda emphasized, "The certainty of achieving this is gradually increasing."

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