Bank of Japan Governor Kazuo Ueda recently stated that the central bank will continue raising interest rates once its inflation target is stably achieved. This signals a potential new phase in Japan’s monetary policy. For decades, Japan has maintained an ultra-loose monetary stance to combat deflation, but core inflation has now exceeded the 2% target for several consecutive months, driven by global energy price volatility, yen depreciation, and rising domestic wages. Ueda emphasized that the BOJ will closely monitor whether inflation is ‘sustainable and endogenous’—meaning it stems from domestic demand and wage growth rather than external shocks. If this condition is confirmed, the BOJ will gradually exit its negative interest rate policy and further normalize interest rates. The move aims to enhance the central bank’s ability to respond flexibly to future economic risks and prevent asset bubbles or financial imbalances. However, Ueda also noted that any rate hikes will be cautious to avoid undermining Japan’s fragile economic recovery. Markets widely expect Japan to raise rates again within the next few quarters, potentially ending its decades-long era of ultra-low interest rates.
日本央行行长植田和男近日表示，一旦通胀目标稳定达成，日本央行将继续推进加息。这一表态标志着日本货币政策可能进入新阶段。长期以来，日本维持超宽松货币政策以对抗通缩，但近年来受全球能源价格波动、日元贬值及国内薪资上涨等因素推动，核心通胀率已连续多月超过2%的政策目标。植田强调，央行将密切关注通胀是否具有“可持续性和内生性”——即不依赖外部冲击、而是由国内需求和工资增长驱动。若确认达标，日本央行将逐步退出负利率政策，并进一步正常化利率水平。此举意在增强货币政策应对未来经济风险的灵活性，同时防止资产泡沫和金融失衡。不过，植田也指出，加息步伐将保持谨慎，避免对脆弱的经济复苏造成冲击。市场普遍认为，日本或将在未来几个季度内再次加息，结束长达数十年的超低利率时代。
原创文章，作者：admin，如若转载，请注明出处：https://avine.cn/14430.html