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[Address] (National Securities Convention) AIAI translation
AI Governor Ueda stated that Japan's economy is recovering moderately and that underlying inflation is approaching 2 percent. He noted that last month the Bank raised its policy interest rate to around 1.25 percent and said it will continue raising the rate and adjusting the degree of monetary easing in line with economic, price and financial conditions. He also said he expects the securities industry to support corporate value enhancement, support household asset building and financial literacy, and respond to advances in digital technology.
[Address] "AI, Big Data and Monetary Policy" (Japanese translation of the opening remarks at the ECONDAT 2026 Fall Meeting) AIAI translation
AI In his opening remarks at the ECONDAT 2026 Fall Meeting, Bank of Japan Deputy Governor Shinichi Uchida discussed how AI and big data are changing central bank analytical methods and data use, and how AI adoption may affect productivity and the labor market in both positive and negative ways. He said AI is affecting core monetary policy variables such as the output gap, financial conditions and the natural rate of interest, but that there are still no clear answers on its scope, magnitude and timing, so the Bank will continue to analyze economic and financial indicators for the time being.