We are still not foreseeing sustainable, stable inflation with enough confidence – Ueda

<ul><li>Likelihood of achieving inflation target is slightly higher but we want to look at more data</li><li>Food price inflation is finally past the peak</li><li>Want to look at wage trends, future wage moves and impact on prices/inflation</li></ul><p>Again, all of this just continues to pin the focus on the spring wage negotiations next year. In other words, don't expect much of a change by the BOJ until we get to that. USD/JPY remains up 0.6% at 143.60 currently.</p>

This article was written by Justin Low at www.forexlive.com.