Bank of Japan Governor Kazuo Ueda: After ending the negative interest rate policy, the Bank of Japan will use reserve interest to control short-term interest rates.

Bank of Japan Governor Kazuo Ueda: We will maintain market confidence in the yen through policies to stabilize prices.

Bank of Japan Governor Kazuo Ueda: We will not cause a disruption in monetary policy.

Bank of Japan Governor Kazuo Ueda: We will continue to buy Japanese government bonds regardless of whether we abandon yield curve control (YCC).

Bank of Japan Governor Kazuo Ueda: Appropriate policies will be implemented with financial health in mind.

Bank of Japan Governor Kazuo Ueda: If negative interest rates are lifted, the extent of interest rate increases will be determined by the prevailing situation.

Bank of Japan review member Junko Nakagawa: There are still 10 days until our policy meeting. During this period, various data at the hearing will be studied, and these data will be available every day.

Bank of Japan review member Junko Nakagawa: Wage negotiations achieved good results last year and are expected to achieve stronger results this year, but this is not the only factor in deciding when to end negative interest rates.

Bank of Japan review member Junko Nakagawa: We are still collecting information before the March meeting.

Junko Nakagawa, a board member at the Bank of Japan: As we always do at policy meetings, we are likely to evaluate and discuss the use of various tools at our disposal.

Bank of Japan Governor Kazuo Ueda: Once the positive cycle of wages and inflation is confirmed, the withdrawal of the large-scale stimulus plan will be considered.

Bank of Japan Governor Kazuo Ueda: The possibility of achieving the price target is increasing little by little.

Bank of Japan Governor Kazuo Ueda: While striving to achieve the 2% inflation target, it is entirely possible to seek to withdraw stimulus measures.

Bank of Japan Governor Kazuo Ueda: If we can achieve the price target, we will consider adjusting the easing policy.

Junko Nakagawa, a review member of the Bank of Japan: There is currently no preset idea on whether to end yield curve control (YCC) while exiting negative interest rates.

Bank of Japan review member Junko Nakagawa: It is very important to ensure that wages continue to rise and inflation is maintained at around 2%.

Japanese Finance Minister Shunichi Suzuki: There is no indication that foreign exchange intervention in 2022 violates regulations.

Japanese Finance Minister Shunichi Suzuki: Japan’s intervention in 2022 did not receive any complaints from other countries.

Bank of Japan review member Junko Nakagawa: When deciding to end negative interest rates, it is not necessarily necessary to wait for the results of wage negotiations for all small and medium-sized enterprises.

Japanese Finance Minister Shunichi Suzuki: Excessive foreign exchange fluctuations may cause harm to the economy.