Bank of Japan Governor Kazuo Ueda made remarks related to the economy and monetary policy

ChainCatcher news, according to Jinshi reports, Bank of Japan Governor Kazuo Ueda made a series of statements regarding the economy and monetary policy. Ueda stated that fluctuations in ultra-long-term bond yields could affect short-term and medium-term yields, and the changes in short-term and medium-term Japanese government bond yields typically have a greater impact on the economy than fluctuations in ultra-long-term yields.

Some investors have shown a decreased preference for ultra-long-term Japanese government bonds, and he will review the bond reduction plan at the next monetary policy meeting, considering the opinions of bond market participants. Ueda indicated that there is currently no preset plan for interest rate hikes, and that rates would only be considered for an increase if the economy and prices rise again. Japan's core inflation rate remains slightly below the Bank of Japan's 2% target.