According to Odaily, Bank of Japan Governor Kazuo Ueda has indicated that while Japan's economy is experiencing moderate recovery, uncertainties persist, with signs of weakness in certain sectors. Prices remain elevated, and the impact of foreign exchange on prices is more significant than in the past. Companies are increasingly expecting wage and price hikes. Ueda emphasized the need for more information on wage trends and stated that the Bank of Japan will adjust its monetary easing policy based on economic and price outlooks. The decision to maintain interest rates is primarily influenced by wage trends and uncertainties in the global economy.
Furthermore, Ueda did not rule out the possibility of employing unconventional monetary policies in the future. He expressed a commitment to closely monitoring developments in the financial and foreign exchange markets. This cautious approach reflects the Bank of Japan's strategy to navigate the complex economic landscape while ensuring stability and growth.