Bank of Japan Deputy Governor Shinichi Uchida said the global boom in artificial intelligence may have eased financial conditions by boosting demand and lifting asset prices, but warned that markets could face a correction if expected AI-related profits fail to materialize, Reuters reported.
According to Reuters, Uchida said in a speech published on the Bank of Japan's website on Monday that the rapid adoption of AI had acted as a major positive demand shock, supporting economic activity and putting upward pressure on prices.
