Bank of Japan Governor Kazuo Ueda and his deputy governor Uchida are committed to their ultra-easy policy. Governor Ueda noted that there was “very high uncertainty” over whether companies would continue to increase prices and wages. Uchida stated that the central bank needs to patiently continue monetary easing. He also reiterated that they are closely watching FX markets. Japan’s Prime Minister Kishida also unveiled new economic measures that should help deliver sustainable wage growth. Kishida expressed his unhappiness with the yen, noting that excessive currency moves are not desirable and that he wants to ... (full story)