Bank of Japan Governor Kazuo Ueda (植田和男) indicated at the National Credit Union Convention in Tokyo that the central bank plans to continue raising its policy rate. His remarks contained no change from the previous policy stance and indicated an intention to adjust the degree of monetary easing.
Bank of Japan Governor Kazuo Ueda (植田和男) delivered remarks at the National Credit Union Convention held in Tokyo, which were read out by Deputy Governor Shinichi Uchida (内田真一).
He assessed current financial conditions as accommodative and indicated that the Bank plans to continue raising its policy rate in response to economic, price and financial conditions, adjusting the degree of monetary easing.