Bank of Japan Governor Ueda is answering questions in parliament:
- Uncertainties over rice and other food prices remain high, but prices likely to settle down eventually
- Mindful of impact of rising food prices on underlying inflation
- Will closely monitor price situations as uncertainties over global economy remain high
Earlier:
- BoJ minutes: Bank will raise rates if economic and price projections realised
- Former BOJ Governor Kuroda supports Ueda’s normalization steps
This article was written by Eamonn Sheridan at www.forexlive.com.