Macroeconomic Shock: Bank of Japan Warns of AI Boom’s Impact on Global Rates

Artificial intelligence has officially become a variable in the monetary policy of central banks. On October 5, 2026, Bank of Japan Deputy Governor Shinichi Uchida stated that the colossal volume of funding for AI companies is artificially stimulating demand and putting pressure on long-term interest rates.

This warning highlights a fundamental macroeconomic risk. Big Tech's investment bubble is drawing liquidity away from the traditional economy, fueling asset inflation. Central banks fear a severe market correction: if agents and language models fail to deliver the promised explosive growth in labor productivity, the industry faces a margin call of historic proportions. Wall Street risks suffocating under the weight of unrecoverable debts incurred to build gigawatt server factories. The AI sector has ceased to be merely a technological driver, transforming into a systemic threat to financial stability on par with the mortgage crisis.

Source: Bank of Japan / Reuters