Bank of Japan Governor Kazuo Ueda predicts inflation will hit target, but warns of global uncertainties impacting wage growth. Ueda plans to raise interest rates if economy aligns with forecasts. Uncertainties include US labor market weakness and impact of US tariffs on Japanese corporate profits. Japanese yen weakens after Ueda’s comments. Market predicts rate hike in December rather than October. Ueda cautious on raising rates due to potential impact of tariffs on economic data. BOJ closely monitoring situation. Ueda confident in Japan’s economy amid US tariffs. Underlying inflation expected to accelerate towards 2% target. BOJ cautious on rate hikes due to underlying inflation remaining below target. Ueda emphasizes need to monitor wage and price-setting behavior. BOJ ended stimulus program and raised rates to 0.5% last year. Ueda stresses caution in raising borrowing costs to ensure sustainable price rises.

Read more at Yahoo Finance: BOJ’s Ueda warns of global uncertainty, keep markets guessing on next hike