Bank of Japan Governor Kazuo Ueda on Tuesday stressed anew the central bank's readiness to keep raising interest rates if underlying inflation approaches its 2 per cent target. The BOJ has said underlying inflation, or demand-driven price pressure measured by various indicators, remains short of its 2 per cent target - even though the broader core consumer inflation has exceeded that level for three years. Ueda said the BOJ is keeping real interest rates negative to ensure that underlying inflation reaches 2 per cent, and stabilises around that level in a sustainable fashion. "Once we have more conviction that ... (full story)