BOJ governor Ueda: Will adjust rates if underlying inflation rises towards 2% target

  • Constantly checking FX moves, sustainability of those moves, and its impact on prices
  • Will set rates at July meeting while considering reduction in JGB purchases

He doesn’t sound like he’s in much of a hurry to take the next step to hike rates further, at least for now. USD/JPY now back up to 158.10 on the day.

This article was written by Justin Low at Source