SINTRA, Portugal (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday the country’s underlying inflation was still “somewhat below” the central bank’s 2% target.
Speaking at a seminar hosted by the European Central Bank, Ueda also said the range of the BOJ’s estimate on the neutral rate was “very large,” though the bank’s current policy rate was “below neutral.”
(Reporting by Balazs Koranyi and Francesco Canepa, additional reporting by Leika Kihara in Tokyo, Editing by William Maclean)
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