Bank of Japan Governor Ueda says the monetary policy path remains highly uncertain

Bank of Japan Governor Ueda again from parliament:

• BOJ’s policy path to neutral interest rate remains highly uncertain
• Japan’s short-term
  interest rate is still very low so if the economy is in good shape,
  BOJ will move rates up to levels deemed neutral to economy
• There is very high
  uncertainty on where Japan’s policy rate might eventually rise to

We’ve had plenty from him and others today:

• BOJ Governor Ueda says concerns over US economy slowdown behind recent market rout
• BoJ Ueda will adjust monetary easing if our economy price outlook is likely to be achieved

• Bank of Japan Governor Ueda says BOJ’s policy steps were appropriate
• Japan fin min Suzuki says intervention action taken as excess volatility not desirable

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