BoJ Governor Ueda: Japan's Economy in Moderate Recovery Amid Ongoing Weakness

BoJ Governor Ueda: Japan's Economy in Moderate Recovery Amid Ongoing Weakness

By tredu.com 6/3/2025

Tredu

BoJ interest ratesJapan economyBoJ
BoJ Governor Ueda: Japan's Economy in Moderate Recovery Amid Ongoing Weakness

BoJ's Ueda: Japan’s Economy in Moderate Recovery

Bank of Japan (BoJ) Governor Kazuo Ueda stated on Tuesday that Japan’s economy is in a phase of modest recovery, although certain areas of economic activity remain fragile. Speaking during a parliamentary session, Ueda acknowledged improvements in corporate profits and business sentiment but emphasized that growth remains uneven.

“The economy is recovering moderately, although some weakness persists,” Ueda said, signaling the BoJ’s continued data-dependent approach toward monetary policy normalization.

These remarks align with the central bank's cautious tone regarding interest rate hikes, especially as Japan gradually emerges from years of ultra-loose monetary policy.

Investors are now awaiting further updates from the BoJ regarding bond purchase tapering plans, which could be clarified at the next policy meeting.

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