BoJ’s Ueda: Trend inflation heightening, will make appropriate policy decision

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that “Japan's trend inflation heightening, will make appropriate monetary policy decision.”

Additional quotes

Service prices continue to rise moderately.

Expects positive cycle to strengthen in which tight labour market leads to higher wages, household income.

Desirable for FX to move stably reflecting fundamentals.

Won't comment on FX levels.

FX rates move on various factors.

Market reaction