Shinichi Uchida
Deputy governor of the Bank of Japan
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Search complete. 5 mentions across 5 episodes found for "Shinichi Uchida".
Oct 15, 2026
Adam GermanHOST
AI is usually discussed in terms of making businesses more productive and helping the economy grow, but those gains could also have consequences for the cost of borrowing.
Adam GermanHOST
This possibility was raised in a speech on October fifth by Bank of Japan Deputy Governor Shinichi Uchida.
Adam GermanHOST
Uchida was examining how artificial intelligence could affect productivity, investment, and monetary policy.
Adam GermanHOST
And one of the economic concepts involved was something called the natural rate of interest.
Tim HardwickHOST
This week the Bank of Japan made almost exactly this point.
Tim HardwickHOST
Deputy Governor Shinichi Uchida described the AI boom as a big positive demand shock, pushing up on both the economy and prices, and said it might eventually affect the natural rate of interest.
Tim HardwickHOST
He also warned that markets could pull back if the expected profits fail to arrive.
Tim HardwickHOST
What he describes is a slightly uncomfortable feedback loop.
speaker_4NARRATOR
The Bank of Japan is now openly weighing what the AI boom means for monetary policy.
speaker_4NARRATOR
In a speech Monday, Deputy Governor Shinichi Uchida said AI-related demand and rising asset prices have made overall financial conditions more accommodative.
speaker_4NARRATOR
even as heavy corporate bond issuance tied to AI investment has pushed up long-term yields.
speaker_4NARRATOR
Uchida said AI could also shift the neutral interest rate, the level that neither stimulates nor restrains the economy, and he warned of a correction if profits fail to follow the investment.