BOJ’s Ueda says unclear how long 2% inflation rate will remain

Kazuo Ueda said that while his nation’s inflation rate has reached policymakers’ target, it’s unclear how long it will stay there, and indicated it hasn’t yet become embedded among the broader Japanese public. Ueda didn’t offer any specific guidance on the central bank’s appetite to raise interest rates further, in an exchange with IMF Managing Director Kristalina Georgieva.