BoJ Governor Ueda (post-policy presser) says, must pay attention to even small FX moves as underlying inflation approaches 2%

• On JGBs, says, must be mindful of the fact that demand-supply of super-long JGBs have been unstable due to end-FY factors.

Inflation:

• Will place larger focus on underlying inflation in making policy decisions.
• On average, the Board still thinks there is some distance to the 2% inflation target.
• Compared to October, likelihood of achieving 2% target heightening; but, compared to December the likelihood is not that different.
• Are hearing more voices that price hikes are reflecting wage growth.