BOJ chief Ueda says 2% inflation target still not in sight

Bank of Japan chief Kazuo Ueda said Thursday he is still not confident the nation can attain the central bank's 2 percent inflation target on the back of wage growth, amid growing speculation the BOJ is nearing a decision to scale back its powerful monetary easing policy.Speaking at a press conference after a two-day meeting of Group of 20 finance chiefs, Ueda said the outcome of the forthcoming spring pay negotiations will be "a focal point" and stressed the need for strong wage growth to see if a virtuous cycle of price and pay hikes has been set in motion.The comments came hours after Ha…READ FULL ARTICLE