BoJ’s Ueda: Central bank will patiently maintain easy monetary policy

Bank of Japan (BoJ)Governor Kazuo Ueda said on Tuesday, “ the BoJ will patiently maintain the easy monetary policy as there is still a distance to go to stable 2% inflation.”

Additional comments

Have not reached  sustainable 2% inflation.

Inflation to slow a greatly around the middle of fiscal year 2023.

Inflation likely to bounce back thereafter on wage growth, other factors but there is uncertainty on that outlook.

BoJ will continue with bond buying operations.