Bank of Japan Governor Kazuo Ueda: We need to look at how wages (rises) are reflected in prices.

Bank of Japan Governor Ueda Kazuo: We can’t say when we will be able to make a judgment on wages (situation).

Bank of Japan Governor Kazuo Ueda: It’s hard to say when we will achieve a sustained cycle of rising wages and rising prices.

Bank of Japan Governor Kazuo Ueda: The sequence of ending yield curve control (YCC) and negative interest rate policies will depend on prevailing economic and financial trends.

Bank of Japan Governor Kazuo Ueda: I believe we can expect a certain degree of wage increase next year.

Bank of Japan Governor Kazuo Ueda: Until we achieve the inflation target, yield curve control (YCC) and negative interest rate policies will continue to be implemented.

Bank of Japan Governor Kazuo Ueda: We need to observe how wages are reflected in prices.

Bank of Japan Governor Kazuo Ueda: From a practical perspective, it is difficult for central bank officials to determine whether daily increases in long-term yields are speculative.

Institutional analysis: Bank of Japan Governor Kazuo Ueda’s remarks on the impact of a weak yen on the price outlook and the real economy were slightly cautious, but compared with the days when former Governor Haruhiko Kuroda dismissed any negative impact of a weak yen. , this is a world of difference.

Bank of Japan Governor Kazuo Ueda: We will adopt flexible operations to respond to speculative rises in yields.

Bank of Japan Governor Kazuo Ueda: We will allow greater flexibility in non-speculative market fluctuations based on fundamentals.

Gazprom: Continues to transport natural gas to Europe via Ukraine, with 42.4 million cubic meters delivered on Tuesday.

Bank of Japan Governor Kazuo Ueda: We can control speculation in the market through flexible market operations.

The Russian ruble rose above eight-week highs against the dollar.

Bank of Japan Governor Kazuo Ueda: We are gradually getting closer to achieving the price target.

Bank of Japan Governor Kazuo Ueda: The certainty that we can achieve our goals has increased.

Bank of Japan Governor Kazuo Ueda: Inflation and wage growth are still not strong enough.

Bank of Japan Governor Kazuo Ueda: The main reasons for strong inflation are imports and oil prices (higher).