Philippine Finance Minister Diokno: Increasing infrastructure spending in the Philippines may help economic growth in the third quarter.

Bank of Japan Governor Kazuo Ueda: Another key factor is whether companies will set prices based on the assumption that wages will rise.

Bank of Japan Governor Kazuo Ueda: Due to the import pass-through effect, we had previously raised our price expectations.

Bank of Japan Governor Kazuo Ueda: Wage negotiations next spring are particularly important and we will pay close attention to their development.

Bank of Japan Governor Kazuo Ueda: The key is whether wages will continue to rise and whether this approach can be consolidated in society.

Bank of Japan Governor Kazuo Ueda: The possibility of Japan achieving its 2% inflation target is gradually increasing, but it has not yet reached a stage of sufficient certainty.

Bank of Japan Governor Kazuo Ueda: Medium- and long-term inflation expectations are gradually increasing, which may have an impact on the wage and price setting behavior of companies.

Bank of Japan Governor Kazuo Ueda: Cost-driven pressure on inflation may gradually dissipate, although it may take more time due to the recent rise in oil prices.

Bank of Japan Governor Kazuo Ueda: We must be wary of wages not rising as fast as inflation, which will put pressure on consumption.

Bank of Japan Governor Kazuo Ueda: We must pay close attention to the impact of the Federal Reserve’s rapid interest rate hikes on the market and foreign exchange trends.

Bank of Japan Governor Kazuo Ueda: Financial conditions will remain fully accommodative.

Bank of Japan Governor Ueda Kazuo: Uncertainty about the basic economic scenario is very high, one of which is the outlook for overseas economies.

Bank of Japan Governor Kazuo Ueda: The prospects for achieving the price target sustainably and stably are still unclear.

Bank of Japan Governor Kazuo Ueda: Even if long-term interest rates rise, real interest rates will still be in the negative zone, so monetary policy conditions will be loose enough.

Bank of Japan Governor Kazuo Ueda: We will continue to implement easing policies patiently.

Bank of Japan Governor Kazuo Ueda: Japan’s economy is recovering moderately.

The MSCI Asia Pacific index rose 1% to 158.27 points.