Bank of Japan Governor Kazuo Ueda: Another factor to examine is whether service prices will rise, reflecting the impact of rising wages.

Kazuo Ueda, Governor of the Bank of Japan: Our baseline scenario is that trend inflation (currently just below 2%) converges to 2% over the next 1.5 to 2 years. The probability that inflation will fall significantly below our baseline forecast is quite low.

Bank of Japan Governor Kazuo Ueda: If wage growth is weaker than expected or overseas shocks affect the economy, we may need to reduce stimulus at a slower pace or suspend stimulus reductions altogether. If the wage inflation cycle accelerates beyond expectations, stimulus may need to be reduced faster than expected.

US Geological Survey: 5.0 magnitude earthquake occurred on Iwo Jima, Japan.

Bank of Japan Governor Kazuo Ueda: If trend inflation accelerates to reach our 2% inflation target, it may be possible to moderately reduce monetary stimulus.

Bank of Japan Governor Kazuo Ueda: The speed of adjusting interest rates depends on economic conditions.

Bank of Japan Governor Kazuo Ueda: Wage growth will be checked through hard data after the spring negotiations.

Bank of Japan Governor Kazuo Ueda: It is crucial to provide support to the economy through monetary policy.

Bank of Japan Governor Kazuo Ueda: Price trends remain below 2%.

Bank of Japan Governor Kazuo Ueda: The government will make a decision on declaring an end to deflation.

Kazuo Ueda, Governor of the Bank of Japan: Monetary policy is one of the basic factors affecting exchange rate trends.

Kazuo Ueda, Governor of the Bank of Japan: If foreign exchange fluctuations have an impact on the economy and prices that is difficult to ignore, we will certainly respond with monetary policy.

Bank of Japan Governor Kazuo Ueda: Monetary policy is not aimed at controlling foreign exchange rates.

Kazuo Ueda, Governor of the Bank of Japan: Foreign exchange rates should be stable and reflect fundamentals.

Bank of Japan Governor Kazuo Ueda: I will not comment specifically on foreign exchange levels and fluctuations.

Market news: Bulgaria appoints an interim cabinet and plans to hold emergency elections on June 9.

Kazuo Ueda, Governor of the Bank of Japan: The level of foreign exchange is determined by many factors.

Bank of Japan Governor Kazuo Ueda: I hope the foreign exchange market will maintain a stable trend.

Bank of Japan Governor Kazuo Ueda: It is expected that bond purchases will be reduced in the future, but the specific time and magnitude cannot be determined now. There is no plan to sell ETFs in the near future.

Central Bank of Kazakhstan: Net gold and foreign exchange reserves were US$35.887 billion in March, up 5.1% month-on-month.