Bank of Japan Governor Ueda on what would make him hike rates rapidly

Bank of Japan Governor Ueda says keeping low rates even when underlying inflation is accelerating could result in a situation where we would be forced to hike rapidly.

Also:

• FX rates should move stably reflecting fundamentals

Ueda spoke earlier:

• Bank of Japan Governor Ueda says can’t tell right now how tariffs will impact prices
• Bank of Japan Governor Ueda says Japan’s real interest rate remains very low

As did a fellow board member:

• BoJ’s Nakagawa says if economic and inflation targets hit, will continue to raise rates

USD/JPY rose earlier:

• The weaker yen today – U.S./Japan tariff talks steering clear of FX concerns cited

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