BOJ Must Support Economy with Easy Policy, Says Governor Ueda
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2024/03/2024-03-26T062337Z_1482230203_RC2VO6ACS3IK_RTRMADP_3_JAPAN-ECONOMY-BOJ-1.jpg)
Bank of Japan Governor Kazuo Ueda reacts during a press conference after a policy meeting at BOJ headquarters, in Tokyo, Japan March 19, 2024.
15:19 JST, March 27, 2024
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday it was important to support the economy with accommodative monetary policy for the time being.
“Japan’s medium- to long-term inflation expectations, and trend inflation, are still in the process of heading towards 2%,” Ueda told parliament.
The likelihood of durably achieving the BOJ’s 2% inflation target was high as growth in average real wages is likely to turn positive in near future, he added.
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