Bank of Japan Governor Kazuo Ueda: Changes in corporate pricing and wage setting behavior are likely to take root in society and are expected to drive inflation to continue to rise in the next fiscal year and beyond.

Bank of Japan Governor Kazuo Ueda: Inflation trend may gradually rise to 2%.

Kazuo Ueda, Governor of the Bank of Japan: Overseas economic and market trends need to be monitored with great vigilance.

Bank of Japan Governor Kazuo Ueda: Corporate profits are expected to remain high, thereby driving increased capital expenditures.

Bank of Japan Governor Kazuo Ueda: Consumption is expected to grow moderately as household income increases.

Bank of Japan Governor Kazuo Ueda: The results of the comprehensive review will be announced before the end of the year.

Kazuo Ueda, Governor of the Bank of Japan: Policy decisions should be made in a timely manner, not based on a fixed timetable. The continued acceleration of inflation has obviously also had a negative impact on the economy.

Kazuo Ueda, Governor of the Bank of Japan: Since August, the unilateral depreciation of the yen has been reversed and the increase in import prices is easing.

Kazuo Ueda, Governor of the Bank of Japan: We can take the time to carefully examine market dynamics and the overseas situation behind them.

Bank of Japan Governor Kazuo Ueda: We must prevent a return to deflation.

Bank of Japan Governor Kazuo Ueda: If the trend inflation rate reaches around 2%, the ideal situation would be to adjust the policy interest rate to a level that is neutral for the economy and prices.

Kazuo Ueda, Governor of the Bank of Japan: We will pay close attention to the economic outlook in the United States and overseas, as well as the still unstable market situation, with a strong sense of urgency.

Kazuo Ueda, Governor of the Bank of Japan: The Bank of Japan must implement monetary policy in a timely and appropriate manner without setting a fixed timetable, while taking into account various uncertainties.

Bank of Japan Governor Kazuo Ueda: The uncertainty facing the economy and prices is high.

Bank of Japan Governor Kazuo Ueda: If economic and price trends are in line with the forecasts in our quarterly outlook report, we will raise interest rates.

RBA: In the three months to August, employment grew by an average of 0.3% per month. The unemployment rate remained at 4.2% in August, higher than the low of 3.5% in mid-2023. However, the participation rate remains at a record high, job vacancies remain high, and average working hours have stabilized.

RBA: Policy will need to be sufficiently restrictive until the Committee is confident that inflation is moving sustainably towards the target range.