BOJ’s Ueda vows to maintain easy policy given economic uncertainty

TOKYO - Bank of Japan Governor Kazuo Ueda said on Friday the central bank is unwavering in its stance of patiently maintaining ultra-loose monetary policy given "extremely high" uncertainty over the economic outlook. The recent rise in inflation above the BOJ's 2 percent target is driven mostly by external, cost-push factors rather than strong domestic demand, Ueda said, adding that responding to such price increases with tighter monetary policy would hurt the economy. "At present, it's necessary to continue with monetary easing," as Japan's economy faces risks from slowing global growth and uncertainty on whether wage rises will be sustained, he said in a speech at a seminar. "...Keep on reading: BOJ’s Ueda vows to maintain easy policy given economic uncertainty

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