Kazuo Ueda, Governor of the Bank of Japan: It must be admitted that the side effects of the current monetary policy exist in certain areas.

Bank of Japan Governor Kazuo Ueda: The monetary easing policy of the past 25 years has been effective to some extent, but it has not been successful in achieving the 2% inflation target.

Kazuo Ueda, Governor of the Bank of Japan: It will still take some time for inflation to reach the target.

Bank of Japan Governor Kazuo Ueda: The review we conducted does not mean that past monetary easing was ineffective.

French inflation data was higher than expected, and short-term euro zone bond yields rose. French 2-year bond yields rose 4.2 basis points to 3.013%; German 2-year bond yields rose 4.6 basis points to 2.888%.

Bank of Japan Governor Kazuo Ueda: Our concerns about mid-sized financial institutions remain.

Kazuo Ueda, Governor of the Bank of Japan: We will gradually announce the results of the review.

Bank of Japan Governor Kazuo Ueda: Market conditions are stabilizing.

Kazuo Ueda, Governor of the Bank of Japan: Trend inflation is gradually rising.

Bank of Japan Governor Kazuo Ueda: Several board members said they saw some possibility of achieving the 2% inflation target.

Kazuo Ueda, Governor of the Bank of Japan: The review of monetary policy will also include the opinions of external members.

Bank of Japan Governor Kazuo Ueda: We can expect stable, sustainable inflation to take hold.

Bank of Japan Governor Kazuo Ueda: Not sure how inflation will pick up after cooling.

Kazuo Ueda, Governor of the Bank of Japan: The current high inflation may continue for several months.

Kazuo Ueda, Governor of the Bank of Japan: We have decided to conduct a broad assessment of monetary policy in order to deepen our understanding of past policy behavior and gain useful insights for future policy.

Bank of Japan Governor Kazuo Ueda: It is appropriate to continue to ease monetary policy to achieve the 2% inflation target while wages are growing.

Kazuo Ueda, Governor of the Bank of Japan: While pursuing the price target, we will respond flexibly.

Kazuo Ueda, Governor of the Bank of Japan: Factors such as corporate pricing mechanisms, exchange rate fluctuations and commodity prices are risks to the price outlook.