In his remarks, BOJ Governor Ueda emphasized that the bank will consider whether or not to raise interest rates at each policy meeting including the next one in December. He said there is no need to wait until next January, when the Trump administration will take office to assess the administration policies.

TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya on Monday, the BOJ said, an event that will be closely watched by markets for hints on whether it could raise interest rates next month.

Ueda said that whether overseas economies grow moderately and whether wages continue to rise hold the key to the bank’s economic outlook.

Bank of Japan Governor Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices, underscoring his data dependent stance and keeping his options open over when to next hike rates.