Bank of Japan Governor Ueda will be answering question in the Diet from 1010 Tokyo time:
- 0110 GMT
- 2110 US Eastern time
Ueda has not strayed much from his script which is:
- if BoJ economic and price targets are achieved (higher wages and inflation in a nutshell) then monetary policy will be tightened
He is more long-winded than that but that’s the gist of it.
From 7 days ago:
- Bank of Japan Governor Ueda again – If prices overshoot will take stronger steps
- BoJ Gov Ueda again: If food inflation is temporary, shouldn’t respond with monetary policy
- Bank Japan Governor Ueda says cost-push inflation factors likely to gradually dissipate
- Bank of Japan Governor Ueda says expects underlying inflation to accelerate gradually
He’ll probably get driven, not walk
This article was written by Eamonn Sheridan at www.forexlive.com.
