BoJ’s Ueda: Could consider policy change when achievement of 2% inflation is in sight

Bank of Japan (BOJ) Governor Kazuo Ueda is addressing the post-September policy meeting press conference on Friday, noting that they “could consider ending yield curve control and modify negative interest rate policy when we judge the achievement of 2% inflation is in sight.”

Additional quotes

Today we discussed that inflation's rate of deceleration has been slower than in the July outlook report.

Seeing US Fed stance to keep rates high.

We are seeing continued contraction in Japan's real wages with 'concern'.

Not in situation now to decide on order of change in policy tools.

My comments reported by Yomiuri were not made because my sense of distance towards ending NIRP had changed.

Market reaction

USD/JPY was last seen trading at 148.36, up 0.53% on the day.