LDP Official States Ueda Interview Suggests BoJ Easing Will Continue

LDP senior part official Seko stated Tuesday that he took BoJ Governor Ueda's recent interview to signify that the central bank will continue with monetary easing, per Reuters reports.

• The official stated that "Monetary easing will eventually end. But Governor Ueda has said an exit will come after achieving the bank's 2% inflation." per Reuters reports after a domestic news conference today.
• These comments come after the Yomiuri newspaper article from the weekend with Ueda, which put forward that the central bank may know enough about wage momentum to adjust policy further by year-end.
• If the central bank becomes confident enough around sustainable price and wage gains, one option could be to end negative interest rates. The article sparked a move higher in Japan yields since yesterday's open and a firmer yen backdrop.