Ueda outlines BoJ policy in first meeting with new PM

Governor says monetary policy will guide inflation smoothly towards 2% inflation target

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Centralised comms unit staff earn lesser salary than peers

FTE employees average roughly 20 personnel across central banks

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Hybrid comms teams prioritise website over other activities

Communications department budget averages just over $1 million yearly

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Central banks speak opaquely to avoid overreaction – ECB study

Authors say institutions tend to communicate more clearly when they know their reputations are low

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Emerging market central banks should be hawkish – NBER paper

Stronger reactions to inflation surges help to build institutions’ reputations, researchers argue

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