Bank of Japan Governor Warns of Financial Market Volatility Risks
Bank of Japan Governor Kazuo Ueda emphasized the need to consider unstable markets and external risks before making monetary policy decisions.
His statement suggests that the central bank is unlikely to rush into raising interest rates again soon.
Ueda noted that the Japanese economy is recovering moderately, with core inflation expected to gradually approach the 2% target.
He highlighted ongoing uncertainty about the recovery outlook and the importance of monitoring market volatility's impact on the economy.
The Bank of Japan ended its negative interest rate policy last March, raising the short-term rate to 0.25% in July, believing Japan is on track for sustainable inflation.
