The statements of the governor of the Bank of Japan Kazuo Ueda during the press conference were as follows:
- You should pay attention to the financial and foreign exchange markets and their impact on the economy and prices.
- Risks to prices require attention.
- Considers it appropriate to adjust the degree of facilitation.
- It is appropriate to reduce purchases of Japanese government bonds in a predictable manner while ensuring stability.
- We will continue to raise interest rates and adjust the degree of easing if the current economic and price forecasts come true.
- Some market participants expressed concerns about the forecast.
- Private consumption remains strong despite the impact of inflation.
- Wage increases are becoming more widespread.
- High wages will continue to support private consumption.
- I do not think that raising interest rates will have a significant negative impact on the economy. - I don't think of the 0.50% interest rate as a ceiling.
- I will analyze the impact of the interest rate hike so far when considering additional rate increases to come.
- I do not think that the economy will slow down due to additional interest rate increases. - The weakening of the yen did not have a significant impact on price expectations.
- Economic indicators to watch include wages, inflation, service prices and the GDP gap.
- It is difficult to comment on the impact of the rising yen on the economy and prices in the foreign exchange market.
