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:
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