- Economic indicators will provide a good judgment on that
- Can even be before next year's labour talks i.e. shunto negotations
- Next year's labour talks will be very important factor for inflation
- But does not mean we have to wait for it to make any decision
I would argue that these are decently hawkish remarks as he is opening the door for the potential for policy tweaks and/or changes down the road. However, one can also make a counter-argument that with the already positive wage developments last month, it should've been enough for Ueda to lay out his plans; and not kick the can to next year.
/JPY