Bank of Japan Governor Kazuo Ueda: The current basic assumption is that the U.S. economy will achieve some degree of soft landing, but there are risks. If these risks materialize, they will affect Japan.

WTI crude oil stood at $76/barrel, up 0.62% on the day.

Bank of Japan Governor Ueda Kazuo: We hope that the exchange rate can follow fundamentals, and of course we will carefully analyze the impact of the exchange rate on inflation and output.

Bank of Japan Governor Kazuo Ueda: We have not made a decision yet on the order in which the various measures in the policy will end.

Peel, chief economist of the Bank of England: There are currently no clear signs of a turning point in domestically driven service price inflation.

Bank of Japan Governor Kazuo Ueda: If we don’t manage the exit from yield curve control (YCC) correctly, we could trigger huge volatility in the bond market.

Bank of Japan Governor Kazuo Ueda: When interest rates eventually rise, the impact on banks must be monitored.

Bank of England chief economist Peel: Commodity, energy and food prices are moving in the right direction.

Bank of England chief economist Peel: Inflation persistence is higher than previously expected.

National Highway Traffic Safety Administration: Tesla is recalling vehicles because the front driver airbag may deploy the wrong way.

Bank of Japan Governor Kazuo Ueda: Hopes that yield curve control (YCC) can be exited without causing market volatility.

National Highway Traffic Safety Administration: Tesla submitted a recall application for 159 U.S. vehicles.

Peel, chief economist of the Bank of England: Raising interest rates cannot effectively control the consumer price index.

Bank of Japan Governor Kazuo Ueda: We will continue to implement yield curve control (YCC), including negative interest rate policies, until sustained 2% inflation is achieved.

Bank of England chief economist Peel: Maintaining a tight stance on monetary policy is crucial to achieving the inflation target.

Bank of Japan Governor Kazuo Ueda: Companies have changed their pricing behavior.

Peel, chief economist of the Bank of England: The issue of inflation cannot be taken lightly.

Bank of England chief economist Peel: Inflation is still too high.

Bank of Japan Governor Kazuo Ueda: The problem of low inflation is more difficult to solve than the problem of high inflation.