BOJ's Adachi says inflation has risen faster than I expected

Seiji Adachi is Member of the Policy Board of the Bank of Japan.

• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term has risen faster than I expected
• its too early to tweak monetary policy
• our baseline price scenario is bound with uncertainty
• there are upside and downside risks to our price outlook, and longer-run downside risks appear to be bigger
• such risks on price outlook must be taken into account in deciding whether tweaking monetary policy would be appropriate

• Must be mindful to downside risks surrounding Japan's economy given risks regarding global economy
• There is also need to pay certain attention to upside risks to price outlook
• In any case, BOJ must scrutinise whether Japan on path toward sustainably, stably achieving price target
• Appropriate to continue monetary easing under yield curve control framework
• consumer inflation accelerating at faster pace than I initially expected
• focusing on to what extent wage hikes will lead to increase in services prices

USD/JPY is doing very little on these comments.

Earlier from the Bank of Japan:

• BOJ Minutes show belief that current monetary policy easing should be maintained (d'uh)

And still to come later is Bank of Japan Governor Ueda speaking

• At 0630 GMT, 0230 US Eastern time