BOJ Monetary Policy Navigator

BoJ Ueda interview intended to dispel impression of "dovish rate hikes"

• 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