BoJ' Tamura: Inflation is on track, somewhat stronger than expected

The Bank of Japan (BoJ) board member Naoki Tamura said on Wednesday that inflation is on track or moving somewhat stronger than expected.

Key quotes 

Inflation on track or moving somewhat stronger than expected.
Upward inflation risk had been elevated until March.
Japan's wage momentum sufficiently heightening.
Consumer inflation data for April, May overshooting expectations.
While downward pressure exists, risk of Japan's wage, price-setting behaviour reverting to low growth environment is small.
US tariff likely to weigh on Japan's economy, prices but inflation to Tay near 2% until fiscal 2027.
Market-based services inflation exceeding 2%, rent and public service costs also gradually rising.
Rise in fresh food prices can no longer be described as temporary, must watch moves carefully.
Medium-, long-term inflation expectations heightening gradually.
Household, corporate inflation expectations are already around 2%.
Must be vigilant to risk of Japan's inflation expectations overshooting further.
My basic stance is BOJ must raise rate in timely, appropriate fashion without being too quick or too late.
Don't see 0.5% as barrier for BoJ rate hikes.
JGB market function has improved somewhat but remains low.
Voted against June decision to slow pace of bond buying taper next year on view BOJ should normalise bond holdings balance as soon as possible.
Must steadily normalise balance sheet, even though it may take time.

Market reaction  

At the press time, the USD/JPY pair is down 0.49% on the day to trade at 151.94.