More from BOJ’s Ueda – wanted to move before trend inflation hit 2%

Bank of Japan Governor Ueda:

• Trend inflation yet to reach 2%, so need to support economy’s
  momentum toward hitting 2% by maintaining accommodative monetary
  conditions
• Want to scrutinise
  whether trend inflation will indeed head toward 2% in judging
  appropriate degree of monetary support
• Waiting to exit
  until trend inflation hits 2% would have heightened risk of inflation
  overshoot, force us to hike rates aggressively

Earlier:

• BoJ Ueda anticipates accommodative financial conditions will be maintained for time being

USD/JPY has lost a few points since that linked post, above.

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