- Expect underlying inflation to gradually heighten after a pause
- Underlying inflation likely to converge towards levels consistent with price target
- That should happen in latter half of 3-year projection period
- Expect to keep raising interest rates if economy, prices follow projections
- Japan’s real rate remains significantly low
These are mostly token remarks by Ueda and nothing that really stands out following their policy decision from earlier this week.
This article was written by Justin Low at www.forexlive.com.