The Economic News Agency reported on the 13th that Bank of Japan Governor Kazuo Ueda said during a parliamentary questioning session on Tuesday afternoon that Japan's underlying inflation is gradually rising and is currently very close to 2%, and it is crucial now to stabilize inflation at 2%.
Kazuo Ueda also pointed out that long-term interest rates should in principle be determined by the market, and the Bank of Japan will continue to closely monitor global bond market trends.
Prime Minister Sanae Takaichi stated that Japan and the U.S. finance ministers maintain close contact on foreign exchange issues, and both countries are working to ensure orderly functioning of the foreign exchange market.
The International Monetary Fund (IMF) predicted in its latest World Economic Outlook report released on Tuesday that Japan's economic growth will slow to 0.7% in 2026 as fiscal support measures partially mitigate the impact of rising energy prices. The IMF noted that the Bank of Japan may gradually raise interest rates toward a neutral interest rate level.
The yen is currently trading at 158.29 yen per dollar, up about 0.21%. (yc)
Kazuo Ueda also pointed out that long-term interest rates should in principle be determined by the market, and the Bank of Japan will continue to closely monitor global bond market trends.
Prime Minister Sanae Takaichi stated that Japan and the U.S. finance ministers maintain close contact on foreign exchange issues, and both countries are working to ensure orderly functioning of the foreign exchange market.
The International Monetary Fund (IMF) predicted in its latest World Economic Outlook report released on Tuesday that Japan's economic growth will slow to 0.7% in 2026 as fiscal support measures partially mitigate the impact of rising energy prices. The IMF noted that the Bank of Japan may gradually raise interest rates toward a neutral interest rate level.
The yen is currently trading at 158.29 yen per dollar, up about 0.21%. (yc)
