Japan's Economy in Mild Recovery Phase, Says Central Bank Governor

According to PANews, Bank of Japan Governor Kazuo Ueda stated that the Japanese economy is currently experiencing a mild recovery, despite some signs of weakness. Ueda emphasized that the future adjustment of monetary easing policies will depend on the economic and price outlook, noting that real interest rates remain at very low levels. He also mentioned that inflation risks have diminished, and the upward pressure on prices from foreign exchange market fluctuations has decreased, allowing some time for monetary policy decisions. Additionally, Ueda highlighted the need to closely monitor whether the U.S. economy can achieve a soft landing or face more severe adjustments. Recent data indicates that economic development is in line with expectations, which may allow for an upward revision of the core inflation forecast. However, overseas trends introduce uncertainty. If economic development aligns with expectations, the intention to continue raising interest rates remains unchanged.