As soon as he takes the BOJ’s helm, the nominee will likely face intense market pressure for change, even if he may prefer to take time to carefully assess the past decade’s extraordinary stimulus measures as an economist.

Source: https://www.japantimes.co.jp/news/2023/02/20/business/boj-kuroda-transition-ueda-surprise/

But big wage hikes pledged by major firms this year and a rebound in private consumption heighten the chance inflation will remain elevated, analysts say, casting doubt over the BOJ’s view that sustained achievement of 2 percent inflation remains elusive.

Source: https://business.inquirer.net/395336/japans-upbeat-wages-may-keep-new-boj-chief-on-hook-for-policy-tweak

Economists’ median forecast for Japan’s fiscal 2023 core consumer inflation rate was unchanged at 2.8 percent, while the fiscal 2024 rate was revised up to 2 percent, suggesting the BOJ’s target will be met for a much longer period.

Source: https://business.inquirer.net/422259/boj-will-end-negative-interest-rates-in-2024-economists-say

“I don’t think rate rises will accelerate anytime soon given the BOJ’s cautious stance against raising rates.

Source: https://business.inquirer.net/418501/japan-budget-demands-hit-record-as-boj-tweaks-raise-borrowing-costs-sources

Input prices gains below the BOJ’s 2% price target suggest that inflation cannot persist above the target on a cost-push basis alone.

Source: https://www.japantimes.co.jp/business/2023/11/13/economy/japan-wholesale-inflation-slows/

Shirakawa was quoted as saying at the BOJ’s policy meeting in December 2012.

Source: https://www.japantimes.co.jp/news/2023/01/31/business/economy-business/boj-shirakawa-inflation-target-concern-2012/

The BOJ’s monetary policy was designed to fight off deflation, and Japan’s inflation rate has stayed relatively low.

Source: https://krdo.com/news/2023/02/23/boj-chief-to-be-answers-to-lawmakers-as-japan-prices-soar/