Bank of Japan Governor: The decision to keep interest rates unchanged was mainly based on wage trends and uncertainties in the overseas economy

Kazuo Ueda, governor of the Bank of Japan, said that Japan's economy is recovering moderately, but there are still uncertainties and signs of weakness in some areas. Prices remain high, foreign exchange has a greater impact on prices than before, and companies have stronger expectations for wage and price increases. He stressed that more information on wage trends is needed, and the easing policy will be adjusted according to the economic and price outlook. The decision to maintain interest rates unchanged mainly considers wage trends and uncertainties in the overseas economy. In addition, he did not rule out the possibility of using unconventional monetary policies in the future, and said that he would closely monitor the developments in the financial and foreign exchange markets. (Jinshi)