Bank of Japan Governor Kazuo Ueda: We cannot deny that negative interest rate policy has side effects.

The Russian government supports extending capital controls beyond April.

Bank of Japan Governor Kazuo Ueda: Will decide whether to adopt negative interest rate measures based on inflation.

Russian Government: Supports extension of mandatory sales of foreign exchange earnings for large exporters.

Bank of Japan Governor Kazuo Ueda: Cost-push inflation (the first force) has passed its peak, and a virtuous wage-price cycle (the second force) is gradually emerging.

Bank of Japan Governor Kazuo Ueda: I can only say that we will make policy decisions appropriately.

Bank of Japan Governor Kazuo Ueda: The impact of import prices continues to exist but has passed its peak.

USD/JPY fell more than 0.50% on the day and is now at 147.35.

Bank of Japan Governor Kazuo Ueda: A certain amount of information will be available before the March meeting.

Bank of Japan Governor Kazuo Ueda: We will pay close attention to the impact of the earthquake on macroeconomic aspects such as supply chains, tourism and consumer confidence.

Bank of Japan Governor Kazuo Ueda: It is still not possible to fully understand the impact of the Noto Peninsula earthquake on the economy.

Bank of Japan Governor Kazuo Ueda: Upcoming data will be assessed meeting by meeting.

Bank of Japan Governor Kazuo Ueda: The stance of carefully reviewing price trends has not changed.

Bank of Japan Governor Kazuo Ueda: Our confidence in achieving the price target has increased.

Bank of Japan Governor Kazuo Ueda: Confirmed that the economy is developing in line with our forecasts.

After Bank of Japan Governor Kazuo Ueda began to speak, the U.S. dollar USD/JPY fell 40 points in the short term and then rebounded slightly.