BOJ Gov Ueda promises YCC, negative short term rates will be kept until 2% CPI sustained

More from Bank of Japan Governor Ueda – says the BOJ will keep YCC, negative short-term rates intact until sustained
achievement of 2% inflation is foreseen

Earlier from Ueda:

• Bank of Japan Governor Ueda says its important to look at real rates

Those comments from Ueda earlier were long and drawn out and nuanced. Thislatest is more direct and straight to the point. No policy change is imminent. Until sustained achievement of 2% inflation is seen by the Bank. Which is why the Spring wage negotiations next year are a focus, wage gains would be expected (or hoped) to cement in gains in inflation the BOJ is seeking.

This article was written by Eamonn Sheridan at www.forexlive.com. Source