Likelihood of achieving our outlook has slightly heightened after trade deals were madeThe uncertainties surrounding that have also been loweredWe are not behind the curve on ratesHave to be mindful that policy rates remain at a low 0.50%Underlying inflation is strengthening but not yet sustainably hitting 2%The takeaway from Ueda today is that he's not going to confirm nor deny that the BOJ is back on track with regards to their plans to hike interest rates. However, he will say that things are now better with the fact that a trade deal is struck between the US and Japan at least. And that's pretty much it. There's still more waiting down the line as they watch the impact from tariffs on hard data. But at least the central bank is now acknowledging that they could again look to rate hikes, rather than before putting it firmly on ice. This article was written by Justin Low at investinglive.com.