BOJ’s Ueda: Ready to hike rates if inflation, wages overshoot

TOKYO – Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday the central bank will respond appropriately, such as by raising interest rates, if faster-than-expected growth in inflation and wages warrant tightening monetary policy.

At present, however, the BOJ considers it appropriate to maintain its ultra-easy monetary policy, including yield curve control, to sustainably and stably achieve its 2-percent inflation target, Ueda told parliament.

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