Bank of Japan Governor Ueda says higher CPI is supply-driven inflation

Bank of Japan Governor Ueda

• In response to supply-driven inflation
  Inflation
  
  Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
  
  Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
  Read this Term, central banks’ decision
  making faces the difficult dilemma between considerations of economic
  activity and the need to tackle surging inflation
• Increase in
  inflationary pressure has been caused by supply factors such as a
  rapid rise in commodity prices, labour shortages, and disruptions to
  supply chains
• Recent global
  inflation has also been influenced by demand factors, including the
  effects of expansionary fiscal and monetary policy measures and the
  pent-up demand after the spread of pandemic
• In light of these
  points, it is extremely important to carefully analyse various
  indicators and examine the underlying trend in prices
• Whether inflation is
  caused by demand or supply has very important implications for
  monetary policy making
• There are many
  issues that need to be better understood regarding inflation
  expectations
• Market participants,
  firms, and households all have different expectations formation,
  given different perceptions of current inflation
• Inflation
  expectations are susceptible to the influence of their experience or
  psychological conditions, as well as to the central bank’s
  communication