Incoming BOJ chief Ueda says current low rates appropriate ...Middle East

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Incoming BOJ chief Ueda says current low rates appropriate
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Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday the central bank must maintain ultra-low interest rates to support the fragile economy, warning of the dangers of responding to cost-driven inflation with monetary tightening. While signalling the chance of tweaking the BOJ's bond yield curve control (YCC) in the future, Ueda said the bank needed to work out the right timing and means to do so, a sign the new chief will be in no rush to overhaul the controversial policy.

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