BoJ’s Ueda: Will raise rates if improvement in economy and price conditions continues

Speaking at the Bank of Japan (BoJ) branch manager meeting on Wednesday, Governor Kazuo Ueda said on that they “will raise rates and adjust degree of monetary support if improvement in economy and price conditions continues.”

Additional quotes

Will make a decision next week.

Watching developments in the US economy.

Momentum heading into spring wage negotiations is crucial.

There was a lot of positive talk about wage hikes at the meeting.

Timing of adjusting monetary policy is up to future economic, price, and financial conditions.