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MNI BRIEF: Policy Change Due To Larger Hike Risk - BOJ's Ueda

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Governor Kazuo Ueda said on Thursday that Tuesday's decision to phase out easy policy before confirming the achievement of the 2% price target in a stable and sustainable manner was driven by desire to avoid a risk of rapid rate hikes.

Ueda told lawmakers the Bank could have phased out easy policy after confirming the achievement of the 2% price target.

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Bank of Japan Governor Kazuo Ueda said on Thursday that Tuesday's decision to phase out easy policy before confirming the achievement of the 2% price target in a stable and sustainable manner was driven by desire to avoid a risk of rapid rate hikes.

Ueda told lawmakers the Bank could have phased out easy policy after confirming the achievement of the 2% price target.

Keep reading...Show less