BoJ Governor Ueda says will take into account effect and cost of policy measures

Bank of Japan Governor Ueda comment hitting the news. he is speaking before parliament.

Says that the Bank will strive to guide well-balanced policy taking into account effect and cost of policy measures.

It's the

• taking into account effect and cost of policy measures

Ueda remarks:

• Will strive to guide well-balanced policy, taking into account effect, cost of policy measures
• We projected in April quarterly report that consumer 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 will slow in latter half of current fiscal year
• There are various uncertainties on inflation outlook
• We are seeing change in corporate price-setting behaviour that works to push up inflation, as well as strong growth in this year's wage negotiations
• Will scrutinise various data in producing next quarterly forecasts in July

• Consideration toward fiscal policy won't hamper BOJ from making necessary decisions upon exit from ultra-loose policy
• My belief is that govt recognises BOJ's basic stance on monetary policy

The Bank of Japan next meet on June 15 and 16. The July meeting Ueda mentions is scheduled for July 27 and 28.

That's interesting to markets. There are significant costs to the Bank of Japan's long in place easy monetary policy. If these are assessed as outweighing the benefits it'll give Ueda a way out.

Ueda never looks as relaxed as his predecessor Juroda did