According to Odaily Planet Daily, Bank of Japan Governor Kazuo Ueda said that Japan's economy is recovering moderately, but there are still uncertainties and signs of weakness in some areas.
Prices remain high, foreign exchange has a greater impact on prices than before, and companies have stronger expectations for wage and price increases. He stressed the need for more information on wage trends.
Kazuo Ueda will adjust the loose policy based on the economic and price outlook. The decision to keep interest rates unchanged is mainly based on wage trends and uncertainties in the overseas economy.
In addition, he did not rule out the possibility of using unconventional monetary policies in the future and said he would closely monitor developments in the financial and foreign exchange markets.