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Today: April 21, 2025
Today: April 21, 2025

BOJ Ueda warns of heightened uncertainty from US tariff policy

FILE PHOTO: Bank of Japan (BOJ) Governor Kazuo Ueda attends a press conference after the central bank's policy meeting at BOJ headquarters in Tokyo
April 14, 2025
Reuters - Reuters

TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased sharply due to U.S. tariff policy.

"U.S. tariffs will likely put downward pressure on global and Japanese economies through various channels," Ueda told parliament.

"The BOJ will guide monetary policy appropriately from the standpoint of sustainably achieving its 2% inflation target, while scrutinising economic, price and financial developments without any pre-conception," Ueda said.

(Reporting by Leika Kihara; Editing by Christian Schmollinger)

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