BOJ's Ueda: A small rate hike would not be a big issue for the financial system

• But Japan is not in a situation where rates can be raised significantly
• 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term target is not so easy to meet
• Negative interest rates provide the basis for current monetary stimulus
• Appropriate to continue negative interest rates for now
• We are at a stage now to wait and see on December policy tweaks
• Yield target, ETF purchases have had side effects
• But that does not mean it was a mistake to adopt them

He is mixing a lot of different remarks in there but the bottom line is that they are still seeing the current policy settings as appropriate to continue with. However, they are leaving the door open to potentially perform a policy pivot down the road - depending on economic and financial circumstances.