"Recent developments surrounding the U.S. economy, including receding risks of a severe downturn, will work in favour of further BOJ rate hikes.
"But that doesn't mean it will unnecessarily delay the next rate hike."
Even the external risks Ueda highlighted in his recent dovish commentary, such as the U.S. outlook and market volatility, appear to be diminishing.
The outcome of a general election slated for Oct. 27 will also be crucial for the next rate hike timing.
"From here on, the timing (of a rate hike) will pretty much be a judgment call."

BOJ may not be as dovish as Ueda's cautious rhetoric suggests