BoJ Governor Ueda says expects underlying inflation to accelerate moderately and price trend is to rise gradually

Says:

• Tight labour market, firms' active wage, price-setting behaviour will keep in place a cycle in which wages and prices rise in tandem.
• Temporary freeze on food sales tax may briefly push down inflation, but is likely to have a limited impact on inflation expectations.
• Will guide monetary policy appropriately to stably achieve the inflation target, accompanied by wage gains
• To conduct policy for stable prices with wage growth