Bank of Japan Governor Ueda: Wage talks not the only determinant of monetary policy

More from Bank of Japan Governor Ueda:

• Annual wage negotiations have been, and always will be, among
  important economic variables we look at in setting policy
• We decide on policy
  looking not just at wage talks, but various other economic variables
• We decided to change
  policy in March because strong wage talk outcome came on top of
  fairly solid readings in other sectors of economy
• Whether we will set
  policy with same emphasis on wage talk outcome will depend on
  conditions at the time
• Its hard to say beforehand how long the BOJ should wait in gathering enough data to change policy
• we would like to leave some scope for adjustment by not pre-committing to a certain policy too much

Seems to be waffling a bit.

Earlier from Ueda:

• Bank of Japan Governor Ueda on what inflation needs to do for a BOJ rate hike

USD/JPY is down a few pips on the session:

This article was written by Eamonn Sheridan at www.forexlive.com.