Bank of Japan Gov Ueda expects strengthening in Japan wage-price cycle

Bank of Japan Governor Ueda speaking from parliamentexpects strengthening in Japan wage-price cycle - underlying inflation to gradually acceleratesees Japan's economy recovering moderatelymonitoring the FX impact on economy and inflationdata out since April roughly in line with BoJ estimates We need to scrutinise data a bit more to judge whether underlying inflation will heighten on a firm noteIf we become more convinced that underlying inflation will accelerate toward our price target, we will adjust degree of monetary easing by raising short-term policy rateAt their meeting the last week Ueda and the BOJ said they'd be announcing plans to trimg JGB purchases at the next meeting., July 30 a

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