Bank of Japan Governor Kazuo Ueda remarks
- We cannot predetermine the timing of future policy change
- But we would like to make the right decision while scrutinizing economic developments
- The economy continues to have positive inflation, so nominal rates will be high
- We will patiently maintain monetary easing to ensure conditions are right for the sustainability of this cycle and again Ueda points to the fact that they are directing all anticipation and attention to pay negotiations in the spring of next year. The question, then, is: Can the Bank of Japan pursue policy normalization?
