AIAI briefDaily brief2026-10-05BIS · BoJ · ECB · FSA · MOF

Central banks and Japan's ministries address AI, policy diagnosis, cooperation

BOJ Deputy Governor Shinichi Uchida said AI and big data are changing central bank analysis and data use, and that AI adoption can affect productivity and labor markets in both positive and negative ways. He said AI is affecting variables central to monetary policy, such as the output gap, financial conditions and the natural rate of interest, but its scope, degree and timing remain unclear. 1

ECB Executive Board member Philip R. Lane said ECB interest rate decisions rest on three criteria: the inflation outlook and its risks, the dynamics of underlying inflation, and the strength of monetary policy transmission. He gave the speech at the ECB Conference on Monetary Policy 2026 in Frankfurt on 5 October. 1 2

Finance Minister Satsuki Katayama and Australian Treasurer Jim Chalmers signed a memorandum of cooperation on a Japan-Australia finance ministers' dialogue and held the first dialogue in Tokyo on 5 October 2026. They exchanged views on macroeconomics and economic security, investment cooperation and international cooperation. 1

The FSA will hold its 11th cross-sector cybersecurity exercise, Delta Wall 2026, from 6 to 22 October 2026, with 181 financial institutions expected to take part. 1

The FSA posted the Asia Region Funds Passport 2025 Annual Report on its ARFP page. 1

Following a Ministry of Justice notice, residence period expiry dates for people in areas covered by the Disaster Relief Act after the 2026 Kumamoto earthquake were extended to 27 January 2027. The FSA informed industry bodies, as concerns had been raised about account closures because residence cards still show the earlier dates. 1

Cited releases · 7

BoJSpeechOct 5, 2026JA

[Address] "AI, Big Data and Monetary Policy" (Japanese translation of the opening remarks at the ECONDAT 2026 Fall Meeting) AIAI translation

AI In his opening remarks at the ECONDAT 2026 Fall Meeting, Bank of Japan Deputy Governor Shinichi Uchida discussed how AI and big data are changing central bank analytical methods and data use, and how AI adoption may affect productivity and the labor market in both positive and negative ways. He said AI is affecting core monetary policy variables such as the output gap, financial conditions and the natural rate of interest, but that there are still no clear answers on its scope, magnitude and timing, so the Bank will continue to analyze economic and financial indicators for the time being.

ECBReleaseOct 5, 2026EN

Philip R. Lane: Diagnostic Challenges for ECB Monetary Policy

AI In a keynote speech at the ECB Conference on Monetary Policy 2026 on 5 October 2026, Philip R. Lane says ECB interest rate decisions rest on three criteria: the medium-term inflation outlook and its risks, underlying inflation dynamics, and the strength of monetary policy transmission. He discusses the diagnostic challenges of each in the context of the energy supply shock, and notes that September inflation data show headline inflation at 3.8 per cent, with energy inflation at 18.8 per cent and non-energy inflation at 2.3 per cent.

MOFReleaseOct 5, 2026JA

Signing of the Memorandum of Cooperation on the Japan-Australia Finance Ministers' Dialogue and Holding of the First Japan-Australia Finance Ministers' Dialogue (Monday, October 5, Reiwa 8 [2026]) AIAI translation

AI On October 5, 2026 (Reiwa 8), Finance Minister Satsuki Katayama of Japan and Australian Treasurer Jim Chalmers signed a Memorandum of Cooperation on the Japan-Australia Finance Ministers' Dialogue, and held the first dialogue in Tokyo the same day. The two ministers exchanged views on macroeconomics and economic security, investment cooperation, and international cooperation, and confirmed that they would further deepen cooperation between the two countries.

FSAReleaseOct 6, 2026JA

Extension of Periods of Stay in Connection with the 2026 Kumamoto Earthquake AIAI translation

AI The FSA states that a Ministry of Justice notice (Notice No. 69 of August 7, 2026) uniformly extended to January 27, 2027 the expiry date of the period of stay for persons residing in municipalities where the Disaster Relief Act was applied after the 2026 Kumamoto Earthquake. Because the expiry date printed on residence cards still shows the pre-extension date, concerns have been raised that financial institution accounts might be closed, and the FSA reports that it has issued a notice to relevant industry associations.

FSAReleaseOct 6, 2026JA

Implementation of the Cross-Sector Cybersecurity Exercise for the Financial Industry (Delta Wall 2026) AIAI translation

AI The Financial Services Agency announced that, against a backdrop of increasingly sophisticated and fast-moving cyberattacks, it will hold the 11th cross-sector cybersecurity exercise for the financial industry (Delta Wall 2026) from 6 to 22 October 2026, with a planned 181 participating financial institutions, aiming to improve cyber resilience and incident response capability across the industry.

FSAReleaseOct 5, 2026JA

Publication of the Asia Region Funds Passport (ARFP) "2025 Annual Report" AIAI translation

AI The Financial Services Agency updated its Asia Region Funds Passport (ARFP) page in October 2026 (Reiwa 8) and newly posted the "2025 Annual Report" among its published materials. The ARFP is a framework in which participating APEC economies harmonize regulation to make it easier to sell funds that meet investor protection requirements across one another's markets; the ARFP Joint Committee was established on June 30, 2016.

BISSpeechOct 7, 2026EN