A two-day Bank of Japan-hosted conference, likened to the Fed’s Jackson Hole, begins Tuesday in Tokyo. Central bankers and academics from the U.S., Europe, and Asia will tackle complex issues such as slowing global growth, persistent inflation, and volatile markets—much of it driven by U.S. trade policy under Trump.
Key topics include interest rate control, quantitative tightening, and how to respond to “inflation scares” triggered by supply shocks like the pandemic. An IMF paper warning of long-lasting inflation from such shocks will also be debated.
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Despite inflation cooling elsewhere, Japan’s core inflation hit 3.5% in April, prompting BOJ Governor Ueda to signal that rate hikes may resume if inflation stays on track. However, global uncertainty—especially from tariffs—has forced the BOJ to temper its pace. Other central banks face similar dilemmas, with the Fed in a holding pattern and the ECB reconsidering further rate cuts.
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BOJ’s Ueda and BIS head Agustin Carstens are among the keynote speakers.I’m not certain on the timing of this.
Hosted by Bank of Japan Governor Ueda,
This article was written by Eamonn Sheridan at www.forexlive.com.
