Bank of Japan will raise rates if forecasts seem to be materializing, Ueda says

WASHINGTON, Oct 16 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will raise interest rates if the likelihood of its growth and price forecasts materializing increases.

Ueda said in a press conference that his assessment of the global and U.S. economies has not changed from before his visit this week to Washington for the IMF and World Bank annual meetings.

"There's still some meetings left in Washington. I would like to keep gathering more information and also scrutinize various data that comes out leading up to our October policy meeting," he said.