BoJ’s Ueda: Fully possible to seek exit from stimulus while striving to achieve 2% inflation target

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, it is “fully possible to seek exit from stimulus while striving to achieve 2% inflation target.”

Additional comments

Will consider rolling back massive stimulus programme once positive cycle of wages and inflation is confirmed.

Likelihood of achieving 2% inflation gradually rising.

Market reaction

USD/JPY was last seen trading 0.50% lower at 148.60.