Bank of Japan Governor Ueda:
- Japan’s economy recovering moderately albeit with some weaknesses
- Japan’s economy likely to continue growing above potential
- Expect underlying inflation to accelerate gradually
- Uncertainty surrounding Japan’s economy, prices remains high
- Expect to keep raising interest rates if economy, prices move in line with our forecasts made in quarterly outlook report
- Japan’s real interest rate level remains extremely low
I'm not sure where Ueda is speaking from. I don't see anything here from him that is a departure from what he has said before though.
We all pretty much know that the BoJ will be hiking if "economy, prices move in line with forecasts".
