BOJ deputy's brief moment at the helm reveals deeper inflation anxiety

From channelnewsasia.com

When the Bank of Japan's second-in-charge stepped in for his sick boss at this week's historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation. Deputy Governor Shinichi Uchida, a career central banker seen as among prospects to become the next bank chief, took on the role to brief media on the BOJ's landmark decision to lift interest rates to a 31-year high of 1 per cent on Tuesday. While he gave no clear signals on the next rate-hike timing, Uchida sounded hawkish enough to avoid causing a plunge in the yen, a reflection of his expertise in ... (full story)