BOJ’s Ueda: Inflation expectations are gradually rising but yet to reach 2%

  • We will move cautiously on rate decision to avoid any big mistakes
  • By how much BOJ should raise rates depends on level of neutral interest rate
  • And that is still quite uncertain
  • As we move towards exit from massive monetary stimulus, it would be appropriate to reduce bond purchases

The part in bold there is key and just reaffirms that they are likely to take that next step later this month.

This article was written by Justin Low at Source