BoJ official complains of US policy uncertainty

Bank of Japan (BoJ) Governor Kazuo Ueda noted on Thursday that US policy uncertainty is impacting how central banks are doing their jobs, and highlighted that the BoJ will be watching data closely in the runup to possible widespread tariffs.

Key highlights

It was notable many countries warned of high uncertainty on global economic outlook.

There is still uncertainty on the US tariff policy, how other countries will respond, so need to scrutinise developments in gauging impact on global, Japanese economies.

Will make decision on monetary policy after scrutinising impact of US policies on global economy, markets, Japan’s economy and prices.

Won’t comment on recent moves in Japan’s long-term interest rates.

When there are sharp moves in long-term rates that deviate from usual moves, we stand ready to use flexible market operations as an exceptional response.