New BoJ Governor Ueda: Discussed the need to guide policy flexibly given economic uncertainty

Following his meeting with Japanese Prime Minister Fumio Kishida on Monday, new Bank of Japan (BoJ) Governor Kazuo Ueda said that they discussed the need to guide policy flexibly given economic uncertainty.

Additional takeaways

“Agreed with PM Kishida that there is no immediate need to change the 2013 joint statement with the government.”

“When uncertainty is high, govt, BoJ must communicate closely.”

“BoJ’s monetary stimulus has helped pull japan out of deflation.”