Kazuo Ueda, Governor of the Bank of Japan: I think the quantitative easing policy adopted by the Bank of Japan in 2001 has limited effect on stimulating the economy.

Kazuo Ueda, Governor of the Bank of Japan: The experience of the Bank of Japan in quantitative and qualitative easing (QQE) shows that it needs to change the public perception that "prices and wages will not rise too much".

Ukrainian Deputy Defense Minister: Russian troops are not in control of Bakmut and the fighting continues.

Deputy Defense Minister of Ukraine: Russian troops have made some progress in the city of Bakmut.

According to Agence France-Presse: As of May 19, the death toll caused by Cyclone Mucha in Myanmar has risen to 145.

Kazuo Ueda, Governor of the Bank of Japan: We will not evaluate side effects individually, but will consider the balance of costs and benefits, such as the extent to which side effects offset the benefits of our policies.

Bank of Japan Governor Kazuo Ueda: Side effects must be predicted by weighing costs and benefits.

Kazuo Ueda, Governor of the Bank of Japan: A stable price target has not yet emerged.

Kazuo Ueda, Governor of the Bank of Japan: Various data and surveys show that the functioning of the bond market is deteriorating.

Bank of Japan Governor Kazuo Ueda: We need to examine whether wage growth is sustainable.

Kazuo Ueda, Governor of the Bank of Japan: It will take time to consider the adjustment measures to exit the easing policy.

Sources: Ukrainian President Volodymyr Zelenskiy will fly from Jeddah, Saudi Arabia to Hiroshima for the G7 meeting on a French government plane.

Sources: Ukrainian President Volodymyr Zelensky is on his way to Saudi Arabia for an Arab League meeting.

Kazuo Ueda, Governor of the Bank of Japan: We must be cautious because overseas economic growth may be lower than expected.

Kazuo Ueda, Governor of the Bank of Japan: A rebound in overseas economies is our baseline scenario, but there have been concerns in the market about whether the central bank will be able to balance the need to curb inflation and maintain economic growth.

Kazuo Ueda, Governor of the Bank of Japan: The uncertainty of the Japanese economy is extremely high.

Bank of Japan Governor Kazuo Ueda: The Bank of Japan will continue to implement easing policy through yield curve control.