Japanese Prime Minister Fumio Kishida: We don’t want excessive foreign exchange fluctuations.

Japanese Prime Minister Fumio Kishida: What is important is that the foreign exchange market is stable.

Japanese Finance Minister Shunichi Suzuki: Will not comment on the current exchange rate level.

Japanese Finance Minister Shunichi Suzuki: We don’t want excessive foreign exchange fluctuations.

Bank of Japan Governor Kazuo Ueda: The main factor in recent foreign exchange fluctuations is the trend of overseas interest rates.

Bank of Japan Governor Kazuo Ueda: We have not yet reached a level where we can see the price target being achieved.

British Petroleum (BP.N) adjusted net profit in the third quarter was US$3.29 billion, compared with market expectations of US$4.05 billion.

Bank of Japan Governor Kazuo Ueda: The Bank of Japan or Japan as a whole has not yet made a decision on the implementation of central bank digital currency, but we are advancing the exploration of technology.

Bank of Japan Governor Kazuo Ueda: Today’s yield curve control adjustment is not intended to increase the authority of the market operation department, but there is indeed an increase in uncertainty.

Bank of Japan Governor Kazuo Ueda: We must judge whether fluctuations are speculative during operations.

Bank of Japan Governor Kazuo Ueda: I hope the latest yield cap decision will improve market functioning.

BP (BP.N): OPEC+ production cuts and continued demand recovery are expected to support oil prices.

Chief Cabinet Secretary Matsuno Hiroshi: Monetary policy falls under the jurisdiction of the Bank of Japan.

Bank of Japan Governor Kazuo Ueda: We need to look at how wages (rises) are reflected in prices.

Bank of Japan Governor Ueda Kazuo: We can’t say when we will be able to make a judgment on wages (situation).

Bank of Japan Governor Kazuo Ueda: It’s hard to say when we will achieve a sustained cycle of rising wages and rising prices.

Bank of Japan Governor Kazuo Ueda: The sequence of ending yield curve control (YCC) and negative interest rate policies will depend on prevailing economic and financial trends.

Bank of Japan Governor Kazuo Ueda: I believe we can expect a certain degree of wage increase next year.

Bank of Japan Governor Kazuo Ueda: Until we achieve the inflation target, yield curve control (YCC) and negative interest rate policies will continue to be implemented.

Bank of Japan Governor Kazuo Ueda: We need to observe how wages are reflected in prices.