BOJ'S UEDA: OUTCOME OF SPRING WAGE NEGOTIATIONS WAS BIG FACTOR FOR THE RATE HIKE

Following the Bank of Japan's first historic interest rate hike at the March policy meeting, BoJ Governor Kazuo Ueda is addressing the post-policy meeting press conference on Tuesday.

Additional quotes

Likelihood of achieving 2.0% inflation target is still not 100% but it's rising.

Stock effect of BoJ’s JGB holdings on long-term rates cannot be ignored.

But we will not use JGB buying operations, balance adjustment as proactive monetary policy tool.

Mindful of risks of sudden spikes in interest rates.

We always have taylor rules in mind when conducting monetary policy.

Outcome of spring wage negotiations was big factor.