BoJ's Ueda: Judged appropriate to adjust degree of easing

Speaking at the post-policy meeting press conference on Wednesday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “judged appropriate to adjust the degree of easing from the perspective of sustainable, stable achievement of 2% inflation.”

The BoJ raised the benchmark interest rate by 15 bps to 0.15%-0.25%  after holding rates for two consecutive meetings.  

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Japan's economy is recovering moderately.

Must pay due attention to financial, FX markets, impact on Japan's economy, prices.

Upside risks to prices require attention.