Bank of Japan Governor Kazuo Ueda: Inflation is stronger than we predicted.

Bank of Japan Governor Kazuo Ueda: Today’s measures are partly the result of rising long-term interest rates in the United States.

Bank of Japan Governor Kazuo Ueda: He does not think yields will rise significantly above 1%.

Bank of Japan Governor Kazuo Ueda: Our decision today aims to make yield curve control (YCC) operations more flexible amid extreme uncertainty in the economy and financial markets.

Bank of Japan Governor Kazuo Ueda: Cost-push inflation and rising oil prices are the reasons behind it.

Bank of Japan Governor Kazuo Ueda: We will respond flexibly to the economic and price situation.

Bank of Japan Governor Kazuo Ueda: We currently cannot foresee sustainable and stable price increases.

Bank of Japan Governor Kazuo Ueda: It is appropriate to appropriately increase the flexibility of yield curve control (YCC).

Bank of Japan Governor Kazuo Ueda: The state of high uncertainty continues.

Bank of Japan Governor Kazuo Ueda: Compared with July, the main reason for the higher-than-expected inflation expectations is that the price transmission effect lasts longer than expected and the rise in crude oil prices.

Bank of Japan Governor Kazuo Ueda: Uncertain whether the inflation target can be achieved.

Bank of Japan Governor Kazuo Ueda: We will closely monitor the economy and price conditions by reviewing wages and prices.

Bank of Japan Governor Kazuo Ueda: Inflation is expected to slow down in fiscal 2025.

Bank of Japan Governor Kazuo Ueda: Japan’s economy is gradually recovering.

Bank of Japan Governor Kazuo Ueda: We will continue to patiently implement monetary easing policy and determine new measures.

Sources said that two armed drones attacked the Ain al-Asad air base in Iraq where US troops are stationed, but did not cause casualties or damage.