Geopolitics Alpha

BOJ chief Ueda sees 'some upside risks' to inflation

Published . Updated .

Covered by 5 outlets: Forex Factory, The Lufkin Daily News, Reuters, Central Oregon Daily, The Daily News | Texas' Oldest Newspaper.

Who covered it: Center 1 · Not rated 4. How we rate outlets

Key takeaways

  • Bank of Japan Governor Kazuo Ueda said on Friday the central bank expects underlying inflation to stay around its 2% target but recognizes there are "some upside risks".
  • Exposed: EWJ, BWX, EFA, MUFG, TM
  • Market reaction: BWX −0.4% on the day; EWJ −0.1% on the day; SONY −2.0% on the day

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BOJ chief Ueda sees 'some upside risks' to inflation

Bank of Japan Governor Kazuo Ueda said on Friday the central bank expects underlying inflation to stay around its 2% target but recognizes there are "some upside risks". The rise in prices of energy-related products was beginning to hit consumer inflation with price growth seen

Directly affected

  • No company is named in this report.

Indirectly affected

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+5.7% 30d

    Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • EWJ iShares MSCI Japan ETF-0.6% 17d

    iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“boj”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • AMZN Amazon.com+5.3% 30d

    Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • COST Costco Wholesale+14.1% 30d

    Costco Wholesale (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XRT+1.17%+4.73%base—after closeafter closeafter close
XLY+0.50%+4.03%base—after closeafter closeafter close
EWJ+5.20%+4.86%base-0.06%after closeafter closeafter close
BWX-0.42%-0.91%base-0.42%after closeafter closeafter close
EFA+0.66%+0.40%base-0.79%after closeafter closeafter close
WMT+1.78%+2.99%base—after closeafter closeafter close
AMZN-5.28%+2.58%base—after closeafter closeafter close
COST-1.21%-0.66%base—after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

BOJ chief Ueda sees 'some upside risks' to inflation Forex Factory

Source: Forex Factory

Price since this story was published: Ishares (EWJ)

CompanyWhenMoveStatus
AMZNthree days earlier+2.58%final price
AMZNfive days earlier-5.28%final price
Spdr Series Trust (BWX)that day-0.42%final price
Spdr Series Trust (BWX)three days earlier-0.91%final price
Spdr Series Trust (BWX)five days earlier-0.42%final price
COSTthree days earlier-0.66%final price
COSTfive days earlier-1.21%final price
Ishares Tr (EFA)that day-0.79%final price
Ishares Tr (EFA)three days earlier+0.40%final price
Ishares Tr (EFA)five days earlier+0.66%final price
Ishares (EWJ)that day-0.06%final price
Ishares (EWJ)three days earlier+4.86%final price
Ishares (EWJ)five days earlier+5.20%final price
WMTthree days earlier+2.99%final price
WMTfive days earlier+1.78%final price
XLYthree days earlier+4.03%final price
XLYfive days earlier+0.50%final price
XRTthree days earlier+4.73%final price
XRTfive days earlier+1.17%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “BOJ chief Ueda sees 'some upside risks' to inflation”

Companies carried with this story

  • EWJ Ishares

    In “BOJ chief Ueda sees 'some upside risks' to inflation,” Ishares (EWJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“boj”)

  • BWX Spdr Series Trust

    Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “BOJ chief Ueda sees 'some upside risks' to inflation.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

  • EFA Ishares Tr

    For “BOJ chief Ueda sees 'some upside risks' to inflation,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan

  • MUFG Mitsubishi Ufj Financial Group

    For “BOJ chief Ueda sees 'some upside risks' to inflation,” Mitsubishi Ufj Financial Group (MUFG) is linked, with no stored direction, medium confidence. Reason on file: Mitsubishi UFJ Financial Group (commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“boj”) reaches its shares

  • TM Toyota Motor Corp/

    For “BOJ chief Ueda sees 'some upside risks' to inflation,” Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence. Reason on file: Toyota Motor (motor vehicles and passenger car bodies) is one of the largest Japan-based companies traded in the US, so news about Japan (“boj”) reaches its shares

  • SONY Sony Group

    In “BOJ chief Ueda sees 'some upside risks' to inflation,” Sony Group (SONY) is linked, with no stored direction, medium confidence. Reason on file: Sony Group (household audio and video equipment) is one of the largest Japan-based companies traded in the US, so news about Japan (“boj”) reaches its shares

  • MFG Mizuho Financial Group

    For “BOJ chief Ueda sees 'some upside risks' to inflation,” Mizuho Financial Group (MFG) is linked, with no stored direction, medium confidence. Reason on file: Mizuho Financial Group (national commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“boj”) reaches its shares

How “BOJ chief Ueda sees 'some upside risks' to inflation” reaches Ishares (EWJ)

The 6 Nov 2026 story “BOJ chief Ueda sees 'some upside risks' to inflation” names Ishares (EWJ) because of this story.

For Ishares (EWJ), the reason on file says iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“boj”)

Spdr Series Trust (BWX) is here too. Its reason reads: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

Dates and price levels for Ishares (EWJ)

EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46. EWJ traded between 95.11 and 99.98 across 15 sessions. The latest close on file is 97.33.

How strong the case is around Ishares (EWJ)

77 out of 100

“BOJ chief Ueda sees 'some upside risks' to inflation” scores 77 out of 100. The score uses 5 sources, and 7 linked companies.