BOJ governor Ueda: Will carefully communicate thinking behind policy decision with markets

• Aware of criticism on communication being insufficient, with regards to post-July meeting market rout
• Would be good to have communicate more frequently on our view on price outlook
• Market rout in early August was temporary
• The impact on consumption and financial system is negligible
• Some evident in CPI data today that wage hikes are reflected in services prices
• But impact of weak yen on import price inflation will mostly fade out

This article was written by Justin Low at www.forexlive.com.