The Nikkei 225 Index hit 41,000 points, up 1.25% on the day.

Bank of Japan review member Naoki Tamura: The risk of rapid interest rate hikes is small.

Bank of Japan review member Naoki Tamura: We may raise interest rates again if upward risks to the inflation trend, an improvement in the price outlook, or the likelihood of stabilizing the price target increase further.

US Geological Survey: A magnitude 5.2 earthquake occurred 80 kilometers south of San Pedro de Atacama, Chile.

Bank of Japan review member Naoki Tamura: (When asked about future monetary policy guidance) will focus on prices, wages, consumption and corporate pricing behavior.

Bank of Japan review member Naoki Tamura: The Bank of Japan will not raise interest rates just to restore its interest rate function.

Bank of Japan review member Naoki Tamura: The specific time cannot be determined, but the direction of the Bank of Japan is to reduce the amount of bond purchases.

Bank of Japan Governor Kazuo Ueda: Revised GDP and wage results played an important role in the March action.

Bank of Japan review member Naoki Tamura: If the economy weakens, we will adopt appropriate monetary policies as necessary, including negative interest rates and yield curve control (YCC).

Bank of Japan review member Naoki Tamura: It is crucial to carefully weigh the costs and benefits of policies.

Bank of Japan review member Naoki Tamura: It is currently unclear how much the Bank of Japan will raise interest rates.

Bank of Japan Governor Kazuo Ueda: We will let the market determine yields but will take action if necessary.

Bank of Japan review member Naoki Tamura: We will not consider raising interest rates like the United States.

Bank of Japan Governor Kazuo Ueda: Maintain the pace of buying Japanese government bonds to minimize policy discontinuity.

Bank of Japan review member Naoki Tamura: Our understanding is that we no longer need to actively intervene in the bond market compared to the past, which is why the Bank of Japan abandoned yield curve control (YCC) last week.

Bank of Japan review member Naoki Tamura: We hope that foreign exchange stability reflects economic fundamentals.

Bank of Japan review member Naoki Tamura: Will not comment on specific foreign exchange fluctuations.

Bank of Japan review member Naoki Tamura: Monetary policy does not target foreign exchange.

Bank of Japan review member Naoki Tamura: We hope the foreign exchange market will maintain stable operation.

Bank of Japan review member Naoki Tamura: The impact of foreign exchange fluctuations on economic entities varies from individual to individual.