Bank of Japan Governor Ueda We are aware firms’ aggressive price-, wage-setting behaviour continuingBoard’s downgrade in inflation forecasts reflect pressure on global growth from trade policy uncertainty, slowing pace of cost-push inflation and recent sharp falls in crude oil pricesBOJ’s financial position won’t affect its short-term rate decision, which will focus on achieving price target---Given the sticky, and rising, Tokyo area inflation Ueda and the Bank of Japan Board may have to reconsider thier downgraded inflation forecasts:Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)USD/JPY dips to 143.80 after solid Tokyo inflation data This article was written by Eamonn Sheridan at www.forexlive.com.