BOJ Gov Ueda: Accommodative financial conditions, stimulus is supporting Japan's economy

<p>Bank of Japan Governor Ueda (bolding is mine):</p><ul><li>Japan's economy to continue recovering moderately, supported mainly by
accommodative financial conditions and effects of economic stimulus
measures</li><li>Uncertainty over
japan's economy extremely high</li><li>Closely watching the impact of financial, forex markets on the Japanese economy, prices</li></ul><ul><li>Will patiently continue monetary easing under YCC to support economic
activity, cycle of wage growth</li></ul><ul><li>
We have not yet reached a situation in which we can achieve price
target sustainably and stably and with sufficient certainty</li></ul><p>more to come</p><p>"Sustainable" &amp; "stable" in regards to hitting the inflation target we've heard over and over again from Bank of Japan officials. Ueda adding in "certainty" to the list of what needs to be seen. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.