Ueda Signals Shift to Inflation-Focused Policy, Clearing Way for June Rate Increase
Bank of Japan Governor Kazuo Ueda signalled a clear pivot from a cautious exit from stimulus toward an overt inflation-fighting stance, saying the central bank is prepared to raise rates if upside risks to prices outweigh downside risks to growth. His remarks reduced ambiguity over war-driven supply shocks and reinforced market expectations of a ra…