Bank of Japan's Uchida warns AI's economic boost comes with risks

BOJ’s Deputy Chief Flags AI’s Possible Impact on Neutral Rate

Artificial intelligence is causing a surge in demand that is fueling inflationary pressure and long-term interest rates, with an impact that may affect the neutral rate of interest, according to Bank of Japan Deputy Governor Shinichi Uchida.

BoJ’s Uchida: AI has become a major focus among central banks, including at BoJ policy meetings

BoJ Uchida: AI’s Demand Shock Has Arrived Before Its Productivity Payoff - ActionForex

Bank of Japan Deputy Governor Shinichi Uchida said on October 5 in opening remarks at the ECONDAT 2026 Fall Meeting that AI is already influencing the variables central banks use to assess monetary policy. His central observation was that AI is initially operating as “a big positive demand shock”, putting upward pressure on economic activity […]

BoJ: AI is a big positive demand shock

Bank of Japan Deputy Governor Shinichi Uchida said on Monday that artificial intelligence has implications for the bank's monetary policy considerations and has become a "key topic of discussion." He ...

BOJ’s Uchida Says AI May Affect Key Monetary Policy Parameters

The technology may lift productivity and support capital accumulation, while its effects on demand appear to be emerging first.

Bank of Japan's Uchida warns AI's economic boost comes with risks

Bank of Japan's Uchida calls AI a positive demand shock but warns of risks to labor markets and financial stability requiring close monitoring.