Bank of Japan Governor Kazuo Ueda said on Monday that underlying inflation is “quite close” to the central bank’s 2% target, reinforcing the case for further monetary policy normalization. Speaking to parliament on October 19, Ueda emphasized that anchoring underlying inflation around the target was becoming increasingly important. He identified several sources of inflationary pressure […]The post BoJ’s Ueda Sees Inflation Near 2%, Warns Delayed Rate Hikes Could Lift Bond Yields appeared first on ActionForex.