BoJ’s Ueda: Important for wages to keep rising and underpin consumption

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Bank of Japan (BoJ) Governor Kazuo Ueda continued to speak on monetary policy during his appearance on Thursday.

Additional quotes

Would be difficult to choose which monetary policy tools to mobilize when exit from stimulus draws near.

Impact from currencies vary from sector to sector.

BoJ to work closely with govt while monitoring currency, financial market moves.

Service spending increasing moderately as a trend.

What's important from here is for wages to keep rising and underpin consumption.

Market reaction

At the time of writing, USD/JPY is losing 0.35% on the day to trade at 146.83. The above comments are helping the Japanese Yen to find demand.

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