Bank of Japan Deputy Governor UchidaMedium- and long-term inflation expectations are gradually heightening.Medium- and long-term inflation expectations are expected to continue rising but may slow temporarily before picking up again.Close attention is warranted on the direct trade impact on business fixed investment and private consumption.Consumer inflation is overshooting our expectations as food price hikes broaden beyond rice.Recent food price trends suggest corporate price-setting behaviour appears to be changing.Core consumer inflation may briefly dip below 2% toward the next fiscal year but is expected to gradually re-accelerate thereafter.Earlier:Bank of Japan deputy governor Uchida: Japan’s economy has recovered moderatelyMore from Bank of Japan Deputy Governor UchidaUchida maintaining his cautious approach. None of what he is saying is indicative of imminent BOJ Hikes.Early 2026, maybe late 2025 for the next hike it seems. This article was written by Eamonn Sheridan at investinglive.com.