Bank Of Japan’s New Governor Ueda Confronts Big Calls On Monetary Policy – Analysis

By Masahiko Takeda*

While many advanced economy central banks are facing a dilemma over how to fight inflation in the middle of an outbreak of financial instability, the Bank of Japan (BOJ) is facing a unique dilemma of its own.

In 2022, Japanese inflation reached 4 per cent — well above the BOJ’s target of 2 per cent....