More from BoJ Ueda: See no need now to change our baseline view on Japan’s economy

• See no need now to change our baseline view on Japan’s economy.
• See no change to big picture of Japan’s economy, price developments since we released our outlook report on May 1.
• Many trade negotiations with US still going on, uncertainty remains high.
• Whether to raise interest rates and likely timing of such a move will depend on Japan’s economic, price developments.
• Won’t comment on short term moves in bond yields.

I’ve been reading the same comments from Ueda for several months now. There’s nothing new here. The BoJ focus remains on US-Japan trade negotiations and inflation.

This article was written by Giuseppe Dellamotta at www.forexlive.com.