Bank of Japan Governor Kazuo Ueda's unexpectedly dovish position on interest rate hikes expressed at a recent press conference puzzled many market players, calling further into question the central bank's communication style that it has previously admitted needs to be improved.Explaining the bank's latest decision to forego a rate hike, Ueda cited the "extremely slow" underlying pace of inflation and noted that the rise in import costs from a weaker yen is "calming down." He suggested the bank is in no hurry for another hike."There have been no factors that would clearly prevent the BOJ fro…READ FULL ARTICLE
