More from BoJ Ueda: See no need now to change our baseline view on Japan's economy ...Middle East

See no need now to change our baseline view on Japan's economy.See no change to big picture of Japan's economy, price developments since we released our outlook report on May 1.Many trade negotiations with US still going on, uncertainty remains high.Whether to raise interest rates and likely timing of such a move will depend on Japan's economic, price developments.Won't comment on short term moves in bond yields.

I've been reading the same comments from Ueda for several months now. There's nothing new here. The BoJ focus remains on US-Japan trade negotiations and inflation.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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