BOJ Gov Ueda promises YCC, negative short term rates will be kept until 2% CPI sustained

<p>More from Bank of Japan Governor Ueda – says the BOJ

will keep YCC, negative short-term rates intact until sustained
achievement of 2% inflation is foreseen</p><p>Earlier from Ueda:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-says-its-important-to-look-at-real-rates-20231106/" target="_blank" rel="follow" data-article-link="true">Bank of Japan Governor Ueda says its important to look at real rates</a></li></ul><p>Those comments from Ueda earlier were long and drawn out and nuanced. Thislatest is more direct and straight to the point. No policy change is imminent. Until sustained achievement of 2% inflation is seen by the Bank. Which is why the Spring wage negotiations next year are a focus, wage gains would be expected (or hoped) to cement in gains in inflation the BOJ is seeking. </p>

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