Ueda Kazuo: Opening remarks - 2023 BOJ-IMES conference Opening remarks by Mr Ueda Kazuo, Governor of the Bank of Japan, at the 2023 BOJIMES conference, hosted by the Institute for Monetary and Economic Studies, Tokyo, 31 May 2023. ***  I. Introduction It is my great pleasure to welcome you all to our BOJ-IMES Conference. We had the first conference back in 1983.
More recently, in the wake of the Brexit decision, market expectations of US interest rates have been scaled down significantly. Whereas the UK had previously been expected to be one of the first of the advanced economies to raise policy rates, disappointing growth outcomes and low inflation meant an unchanged policy stance during the past year.