UPDATE 1-BOJ’s Ueda: Concern over losses won’t affect monetary decision

Bank of Japan Governor Kazuo Ueda said on Saturday considerations over the central bank's finances do not prevent it from implementing necessary monetary policy steps. Ueda said there was "still a distance to go" before the BOJ exits ultra-loose monetary policy as sustainable and stable achievement of its 2% inflation target has yet to come in sight. But the current distance to an exit means it was the right time to discuss how the central bank's monetary policy conduct could affect its finances, he said.