BoJ’s Ueda: Appropriate to continue monetary easing to achieve 2% inflation target with wage growth

Bank of Japan (BOJ) Governor Kazuo Ueda is speaking at his first post-policy meeting conference on Friday, noting that it is “appropriate to continue monetary easing to achieve 2% inflation target in tandem with wage growth.”

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Won't hesitate to ease monetary policy further if necessary,

Reorganized forward guidance given changes in govt's COVID-19 classification, lower the risk of pandemic's impact on economy, markets,

Decided to conduct a broad-perspective review of monetary policy to deepen understanding of past policy conducts, gain informative insights for future policy,