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• Will continue to guide policy from standpoint of sustainably achieving 2% inflation target
• Underlying inflation gradually accelerating due to wage hikes
• Will raise rates if forecast of underlying inflation towards 2% target materialises
• Will carefully examine global, domestic economic developments including US tariffs
• No comment on specific FX levels
• Important for FX to move stably reflecting economic fundamentals

Nothing that we haven’t heard before from Ueda as he is answering some questions from lawmakers in parliament today.

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

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