The Bank of Japan governor indicated that the economy was recovering moderately, while the underlying rate of inflation was approaching 2%. It was also reported that the policy was to maintain accommodative financial conditions.
Bank of Japan Governor Ueda (植田) said that the economy was recovering moderately, although some weakness had emerged. He also said that the underlying rate of inflation was approaching 2% and that the economy and prices were expected to evolve broadly in line with the central projection presented in the Outlook Report.
Financial conditions remain accommodative, and, if risks emerge of underlying inflation overshooting above 2%, it will be important to limit the impact on the economy.