TOKYO, March 24 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Tuesday underlying inflation is expected to accelerate gradually as wages and prices rise moderately together.
Prime Minister Sanae Takaichi's administration is considering freezing for two years an 8% consumption tax applied to food.
Ueda said the plan, if implemented, would temporarily push down inflation but have a limited impact on medium- and long-term inflation expectations.
(Reporting by Leika Kihara; Editing by Tom Hogue)
