Ueda on what inflation needs to do for a BOJ rate hike

From forexlive.com

Bank of Japan Governor Ueda: • Don't have any preset idea on timing, pace of future rate hike. • If trend inflation accelerates in line with our forecast, we will adjust degree of monetary support through interest rate hike. • If our price forecast changes, that will also be a reason to change policy. • Future monetary policy guidance will depend on economy, price, market development at the time. • Didn't say anything new on BOJ policy last week in Washington. • Trend inflation is still somewhat below 2%, so need to maintain accommodative monetary conditions for the time being. • If geopolitical risks, ... (full story)