BOJ's Ueda: Underlying inflation is still somewhat below 2% ...Middle East

Expect underlying inflation to gradually accelerate as economy continues to recover

BOJ is gradually shrinking the size of its balance sheet, ideal size will be taking into account overseas examplesSize of Japan's monetary base and balance sheet somewhat too big now, which is why we are slowing bond buying

It's quite a few steps from slowing bond buying to shrinking the balance sheet.

This article was written by Adam Button at www.forexlive.com.

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