Heads up – Bank of Japan Governor Ueda will be holding a news conference soon

Bank of Japan Governor Kazuo Ueda is to meet business leaders in Osaka, western Japan today. He’ll be holding a news conference

This is coming up at 0530 GMT, which is 0130 US Eastern time.

On Friday last week we had the latest policy statement from the Bank of Japan, and press conference from Governor Ueda:

• BoJ makes no change to its major policy planks, no change to forward guidance

Ueda’s presser:

• BOJ governor Ueda: Will not hesitate to take additional easing measures if necessary
• BOJ’s Ueda: Sustainability of wage hikes the most important thing for inflation outlook
• BOJ’s Ueda: Could consider easy policy exit when achievement of 2% inflation is in sight

I suspect it’ll be more of the same from the Gov today – no indications of any imminent policy tightening.

This article was written by Eamonn Sheridan at www.forexlive.com. Source