BoJ’s Ueda: Stable, sustainable achievement of 2% inflation not yet in sight

Bank of Japan (BOJ) Governor Kazuo Ueda is holding a news conference following his meeting with business leaders in Osaka, western Japan, on Monday.

Key quotes

Stable, sustainable achievement of 2% inflation not yet in sight.

Japan's economy is at a critical stage on whether it can achieve positive wage-inflation cycle.

Must continue to be vigilant to chance past sharp US rate hikes could affect economy, financial system with a lag.

Chinese economy's slow pace of pick-up is also worrying.

It is true inflation is exceeding 2% for prolonged period, but that alone cannot lead us to conclude japan close to stably, sustainably achieving our target.