BOJ's Ueda calls for vigilance against impact of Middle East war

The reference to Middle East uncertainty marks a shift from March's guidance.

BOJ's Ueda calls for vigilance against impact of Middle East war
BOJ's Ueda calls for vigilance against impact of Middle East war Photo: The Japan Times

Kazuo Ueda has spoken of the need for vigilance to the impact of escalating conflict in ​the Middle East
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Kazuo Ueda said Monday economic and price developments were moving roughly in line with the bank's forecasts, but called for vigilance to the impact of escalating conflict in ​the Middle East."Global financial markets are unstable and crude oil ‌prices are rising ‌sharply due to Middle East tensions
We ​must be vigilant to future developments," Ueda was quoted in a speech read out by his deputy, Ryozo Himino.The speech was closely ⁠watched by markets for any hints on whether the BOJ would raise interest ⁠rates at its next policy meeting on April 27-28, as fading hopes of an early end to the Iran ​war keep markets volatile ⁠and muddle the economic outlook.

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Source: This article was originally published by The Japan Times

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