Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Tuesday that “there are both upside, downside risks from US tariffs on Japan’s prices.”
Additional comments
- US tariffs put downward pressure on Japan's economy.
- Japan's economic growth is expected to slow to around its potential before resuming moderate growth as overseas economies recover.
- Japan's output gap to remain around current levels, after which it will resume improvement toward end of the BoJ’s three-year projection period through fiscal 2027.
- The BoJ expected to keep raising interest rates if economy, prices improve as we project.
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