Bank of Japan Governor Kazuo Ueda noted that Japan’s economy is showing moderate recovery, as domestic demand strengthens amid a challenging global environment. Speaking recently, Ueda highlighted improved corporate investments and consumer spending, driven by government policies aimed at revitalizing the economy post-pandemic.
Despite these positive indicators, Ueda acknowledged headwinds from slower overseas demand, which continue to impact Japan’s export-driven sectors. He reaffirmed the BoJ’s commitment to maintaining its ultra-loose monetary policy until inflation sustainably reaches its 2% target, emphasizing that patience remains key to fostering a full economic recovery.
