Bank of Japan Governor Kazuo Ueda said on Tuesday the country's economy can withstand the hit from U.S. tariffs and sustain a cycle of rising inflation accompanied by wage growth, signalling the bank's readiness to raise interest rates further.

Kazuo Ueda said the BOJ would make policy judgment without any preconceptions amid uncertainty regarding trade frictions.

Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will raise interest rates once economic and price growth re-acceleration becomes imminent.