BOJ Ueda says coverage nonetheless accommodative, will modify if underlying costs rise

Bank of Japan Governor Ueda:

• Accommodative environment continues
• Will adjust monetary policy if underlying prices raise
• Underlying inflation is still slightly below 2%

On that last point … that’s not what today’s data showed:

• Japan’s Core Inflation Hits 19-Month High, Strengthening Expectations for BOJ Rate Hikes

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