Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy. The speech, due at 0830 GMT, is in focus as a potential signal from Ueda that could reinforce prevailing market expectations that the BOJ will raise short-term rates to 1 per cent from 0.75 per cent at a policy meeting on June 15 and 16. Ueda faces a tricky balancing act. Failing to pre-commit to a June hike may further weaken the yen, which breached the key 160-per-dollar ... (full story)