BOJ’s Uchida: We don’t have a preset idea in mind on pace of future rate hikes

• It is not as if we will be hiking rates at each policy meeting
• Wage developments are key to gauging Japan’s trend inflation
• Must be vigilant on price movements of goods purchased as it affects inflation expectations
• Will debate policy decision at each meeting while scrutinising economic, price developments

This builds on his comments from earlier here. The part on wages is a repeat and points to the notion that they will be using the spring wage negotiations this month as a base point to construct the narrative for the next rate hike.

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