• But it does warrant attention
  • We lack enough data to determine next year's wage outlook
  • It depends on how US economic developments affect Japan's corporate profits
  • The uncertainty on how US tariffs will affect the global economy remains quite high
  • It would be too late to wait until all hard data becomes available
  • So we will scrutinise as much data as needed to make our policy decision
  • That includes not only hard data but also corporate surveys
  • Risk of delay in US data from govt shutdown is serious but we can extract information from other similar data

He's offering up a bit of something for everyone but at the balance, it doesn't seem like he's pushing all too hard for a rate hike at the end of this month. And that's arguably the main takeaway here. That especially since Ueda keeps harping on needing to scrutinise the impact of US tariffs still, in saying that they don't know what to make of the situation yet.

Source: Investing Live