Bank of Japan Governor Ueda with more remarks: • We need to have more conviction that wages will keep rising, rising wages lead to service prices and economy remains strong, to ponder exit from easy policy. Once again Ueda indicating that an exit from ultra easy monetary policy is anything but imminent. He does allow himself a wee hedge though: • There will always be new information coming in, so at any meeting there is a chance of making a certain decision, when asked about chance of BOJ foreseeing inflation sustainably hit 2% target at next policy meeting in December. More: Don't expect 10-year JGB yield to rise ... (full story)