On Wednesday, the Bank of Japan's decision to maintain interest rates was in line with expectations. Governor Kazuo Ueda stated at the monetary policy press conference held in the afternoon that the uncertainty surrounding Japan's economy and prices remains high, and the current real interest rates are still very low.
He said: The Japanese economy is recovering moderately, and price trends will align with the targets projected for the second half of the year. If the economic outlook is realized, interest rate hikes will be resumed.
As Ueda spoke, the dollar fell against the yen briefly but quickly rebounded, currently reported at 150.01.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5638641a-c032-444a-ba01-4b918715d4ef.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5638641a-c032-444a-ba01-4b918715d4ef.png"/>
Regarding the external environment, Ueda stated: The pace of U.S. tariff policies is accelerating, and there is significant uncertainty in U.S. policies. The policy stance will be determined while assessing the impact of tariffs.
Updating

- On Wednesday, the Bank of Japan maintained its interest rates as expected, with Governor Kazuo Ueda stating that uncertainty regarding the economy and prices remains high.  
- He noted that Japan's economy is experiencing moderate recovery, and price trends are expected to align with targets for the second half of the year, potentially leading to a resumption of rate hikes.  
- Ueda also highlighted the accelerating pace of U.S. tariff policies and significant uncertainties in U.S. policy, which will influence Japan's policy stance.

The Japanese yen against the US dollar has fallen below 150! Bank of Japan Governor: Economic and price uncertainties remain very high