Bank of Japan Governor Ueda:
- Don’t have any preset idea on timing, pace of future rate hike
- If trend inflation
accelerates in line with our forecast, we will adjust degree of
monetary support through interest rate hike - If our price forecast
changes, that will also be a reason to change policy - Future monetary
policy guidance will depend on economy, price, market development at
the time - Didn’t say anything
new on BOJ policy last week in Washington - Tredn inflation is still somewhat below 2%, so need to maintain accommodative monetary conditions for the time being
-
If geopolitical risks, weak domestic demand cause disruptions in
markets, BOJ will respond through flexible, nimble liquidity
provisions
Nothing in that lot above is of any surprise. Ueda keeping his options open.
This article was written by Eamonn Sheridan at www.forexlive.com. Source