BoJ Governor Ueda says mechanism under which wages and prices rise moderately in tandem likely to be sustained

• BoJ is expected to keep raising interest rates if targets are met. 

Governor Ueda's comments suggest a dovish outlook, indicating that the Bank of Japan is committed to the path of moderate wage and price growth while hinting at future rate increases contingent on meeting economic targets. This stance could influence JPY dynamics and impact fixed-income markets as investors reassess interest rate expectations, especially if sustained price and wage growth becomes more pronounced in the economy.