Kazuo Ueda also remains true to his quiet line in the storm. When Japan’s governor talks about future monetary policy, he always makes it dependent on certain economic developments and promises that he and his central bank colleagues will initially weigh up all eventualities. In the previous week, Ueda confessed in a newspaper interview that Donald Trump Japan’s approach “closer to the bad scenario of the central bankers”. Although he and his colleagues hoped to increase interest rates “at a reasonable pace”, they would “have to check without prejudices to what extent the US tariffs could harm the economy”.
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