Bank of Japan (BOJ) Governor Kazuo Ueda says he “can’t tolerate” underlying inflation rising further above 2%, signaling a hawkish stance on price pressures ahead of the BOJ’s next policy meeting. His remarks come about two weeks before the bank’s scheduled decision, when market observers expect no immediate change to policy.
The outlets agree on the core message: Ueda frames the 2% level as a threshold for underlying inflation and indicates that further movement beyond it would be unacceptable. While the coverage is limited in these excerpts, the context is consistent across reports—Ueda is setting expectations ahead of the next BOJ policy event. One outlet notes that current expectations are for no change at the upcoming gathering, suggesting investors view the comments as guidance about the trajectory of future decisions rather than an immediate shift.
