BOJ Governor Ueda Signals Willingness to Ease Further Amid Uncertainties

Bank of Japan Governor Haruhiko Kuroda stated that the central bank will not hesitate to implement additional easing measures if necessary, as the Japanese economy gradually recovers. Kuroda emphasized the need to closely monitor financial and foreign exchange market movements, as well as their impact on the economy and prices. He also highlighted the importance of assessing whether prices will rise in the future and maintaining a focus on the wage-price virtuous cycle. However, the decision on further action may be delayed until the outcome of the spring wage negotiations in March or April next year.