BOJ open to more rate hikes, depending on economy, prices: chief Ueda

Bank of Japan chief Kazuo Ueda said Friday the central bank will decide on future interest rate hikes based on economic and price conditions.At a news conference after the BOJ's two-day policy meeting, Ueda said that Japan's real interest rates remain at "significantly low" levels, even after the latest rate increase.The central bank raised its policy rate to a 30-year high of 0.75 percent from 0.5 percent earlier in the day. But Ueda said its policy remains accommodative.As for a neutral interest rate, which neither stimulates nor cools the economy, Ueda reiterated that it is difficult to …READ FULL ARTICLE