More from Bank of Japan Governor Ueda:
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Annual wage negotiations have been, and always will be, among
important economic variables we look at in setting policy - We decide on policy
looking not just at wage talks, but various other economic variables - We decided to change
policy in March because strong wage talk outcome came on top of
fairly solid readings in other sectors of economy - Whether we will set
policy with same emphasis on wage talk outcome will depend on
conditions at the time - Its hard to say beforehand how long the BOJ should wait in gathering enough data to change policy
- We would like to leave some scope for adjustment by not pre-committing to a certain policy too much
- Our basic stance is that we will look at moves in trend inflation to achieve our price goal, and take a data-dependent approach in setting policy
Seems to be waffling a bit.
Earlier from Ueda:
USD/JPY is down a few pips on the session:
This article was written by Eamonn Sheridan at www.forexlive.com. Source