China picks new state investment firm to coordinate overseas metals, mining deals

BOJ's Ueda signals greater concern over upside inflation risks than downside economic threats

Bank of JapanUeda said that while the BOJ is mindful of downside risks to the economy, it must be more mindful of upside inflation risks materializing and inflicting a negative impact on the economy.

BOJUeda warns that delaying necessary policy response could force sharp rate hikes, hurting economy and burdening markets and financial system.

Bank of JapanUeda said that if the BOJ delays necessary policy responses, it could be forced to raise interest rates sharply, which would hurt the economy and impose a huge burden on markets and the financial system.

BOJUeda: Rengo results show wage growth rate of around 5% agreed for large and small firms.

Bank of JapanUeda said that Rengo's results show a wage growth rate of around 5% has been agreed for both large and small firms.

BOJ's Ueda: Crude oil price rise likely to fuel broader inflation, not just energy.

Bank of JapanUeda stated that it is likely that a rise in crude oil prices will push up prices not only of energy but also prices in general, particularly of a wide range of goods.