Recap - BOJ’s Ueda sees inflation near 2% but flags upside risks as energy costs bite

Ueda’s acknowledgement of upside inflation risks, with energy costs set to push price growth higher into early next year, leans hawkish. It supports expectations that the BOJ will keep normalising policy, which is mildly supportive for the yen and keeps upward pressure on Japanese government bond yields. His comment that the BOJ watches other central banks closely, including their effect on exchange rates, keeps yen moves on the policy radar. Georgieva’s warning on AI-related volatility adds to a theme already weighing on global tech this week.