BOJ governor Ueda says underlying inflation is expected to accelerate moderately

Tight labour market, firmer wages will keep in place cycle in which wages and prices rise in tandemTemporary freeze to food sales tax may briefly push down inflationBut it is likely to have a limited impact on inflation expectations as a wholeBOJ will guide monetary policy appropriately to stably achieve inflation target accompanied by wage gainsHe's mostly… Tight… Tight labour market, firmer wages will keep in place cycle in which wages and prices rise in tandem Temporary freeze to food sales tax may briefly push down inflation But it is likely to have a lim... Tight labour market, firmer wages will keep in place cycle in which wages and prices rise in tandem Temporary freeze to food sales tax may briefly push down inflation But it is likely to have a limited impact on inflation expectations as a whole BOJ will guide monetary policy appropriately to stably achieve inflation target accompanied by wage gains He's mostly commenting after we got the initial outcome of the… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.