PANews, December 19 - According to Jin Ten reports, Bank of Japan Governor Kazuo Ueda stated that the Japanese economy is moderately recovering, but there is still uncertainty, and signs of weakness are appearing in some areas. Prices remain high, and the impact of foreign exchange on prices is greater than in the past, with companies' expectations for wage and price increases strengthening. He emphasized the need for more information on wage trends, stating that the decision to maintain the current monetary policy will be based on the economic and price outlook, with the decision to keep interest rates unchanged primarily considering wage trends and uncertainties in the overseas economy. Additionally, he did not rule out the possibility of using unconventional monetary policy in the future and stated that he would closely monitor the dynamics of financial and foreign exchange markets.
