BoJ’s K. Ueda was on the wires, although he declined to comment on recent FX moves.

Key Quotes

“Chance of sustainably, stably achieving BoJ’s 2% inflation target is in sight, likely to keep heightening”.

“BoJ will adjust level of interest rates in accordance to distance towards sustainably, stably achieving 2% inflation.”

“Whether to raise interest rates again this year will be dependent on data”.

“If we become more convinced that trend inflation will approach 2%, that will be one reason to adjust interest rates”.

“If FX moves appear to have impact on wage-inflation cycle in a way that is hard to ignore, we could respond via monetary policy.”

“No comment on recent currency moves.”