Bank of Japan Governor Kazuo Ueda: It is crucial for the government to maintain market confidence in its finances.

The New Zealand dollar/U.S. dollar NZD/USD briefly hit a three-week high and is now trading at 0.6066.

Reserve Bank of New Zealand: There are upside risks to CPI in the March quarter.

Reserve Bank of New Zealand: Continued implementation of tight monetary policy in an environment of weak global growth could lead to inflation falling faster than expected.

Reserve Bank of New Zealand: Members agreed that there are still risks to the persistence of services inflation and commodity price inflation remains high.

Reserve Bank of New Zealand: Members agreed that, with inflation remaining outside the target range and inflation expectations and pricing intentions remaining high, tolerance for increasing the time to achieve the inflation target remained limited.

Reserve Bank of New Zealand: Members agreed that the balance of risks has changed little since February.

Reserve Bank of New Zealand: Net immigration continues to grow, supporting increases in overall consumer spending and housing costs.

Reserve Bank of New Zealand: Business pricing intentions have declined recently, but remain high, partly reflecting higher realization and expected costs.

Reserve Bank of New Zealand: Business confidence index fell and business expectations for activity and investment also weakened.

Reserve Bank of New Zealand: Members agreed that they remain confident that monetary policy is restraining demand.

The Reserve Bank of New Zealand said: The Committee is confident that maintaining the Official Cash Rate (OCR) at a restricted level for a sustained period will return consumer price inflation to the target range of 1-3% this year.

After the New Zealand Reserve Bank’s interest rate decision was announced, the New Zealand dollar/US dollar NZD/USD fluctuated more than 10 points in the short term to 0.6060.

Bank of Japan Governor Kazuo Ueda: We are not deliberately pursuing a 2% inflation target.

Bank of Japan Governor Kazuo Ueda: The 2% inflation target is appropriate and is the global standard.

Bank of Japan Governor Kazuo Ueda: Determining ETF holdings is a difficult task.

Bank of Japan Governor Kazuo Ueda: We are observing how the market absorbs the March policy shift, after which we hope to start reducing the scale of purchases of Japanese government bonds.

Bank of Japan Governor Kazuo Ueda: We hope that the Japanese government bond market will eventually return to a state where yields are determined by market forces.