BOJ dep gov Uchida says will raise rates if inflation rises and economy improves

Bank of Japan Deputy Governor Uchida

• Will raise interest rates if underlying inflation heightens against background of continued improvements in economy

• We will examine, without any preset idea, whether our economic, price forecasts laid out in our quarterly report will be achieved

• We will scrutinise at each meeting economic, price developments and risks including impact from U.S. tariffs

• Trump tariffs likely to put downward pressure on Japan, global economies

• There are various upside, downside impacts on prices that could come from Trump tariffs

• Trump tariffs could push down prices if they cool economy, but may push up prices via impact on global supply chains
• Trump tariffs could affect prices via market, FX moves

more to come