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BOJ Governor Ueda's comments at news conference
The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2 per cent in coming years, signalling its readiness to hike borrowing costs later this year. The central bank also stuck to its guidance made in March to keep buying government bonds around the current pace, dashing hopes by some traders that it could soon taper purchases partly to slow the yen's declines.Following are excerpts from BOJ Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters: FUTURE MONETARY ... (full story)
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