BOJ’s Ueda ‘can’t tolerate’ underlying inflation further over 2%

What happened: Bank of Japan Gov. Kazuo Ueda said he "can't tolerate" underlying inflation rising further above 2%, speaking to reporters in Bangkok ahead of the bank's next policy decision. Key numbers: September overall prices expected up 2.1% year on year; excluding fresh food also 2.1%; excluding fresh food and energy 2.3%. Why it matters: The remarks reinforce expectations that policymakers will raise interest rates further in coming months, though investors and economists anticipate no change at the upcoming meeting. Coverage: 3 outlets in 24h

Bank of Japan Gov. Kazuo Ueda said he "can't tolerate" underlying inflation rising further above 2%, speaking to reporters in Bangkok ahead of the bank's next policy decision.

The remarks reinforce expectations that policymakers will raise interest rates further in coming months, though investors and economists anticipate no change at the upcoming meeting.