BoJ Ueda interview intended to dispel impression of "dovish rate hikes"
Key points
- In Asahi Shimbun interview, Ueda did not rule out additional rate hike this year saying it will "depend on the data"
- Says chances of achieving 2% price target "expected to increasingly heighten," possibly in attempt to dispel impression of a "dovish rate hike" at the March meeting
- But, likelihood and timing of additional rate hikes "depends on data" and BoJ intends to carefully monitor underlying inflation rate
