Odaily News Japan's Central Bank Governor Kazuo Ueda stated after his first bilateral meeting with Prime Minister Sanae Takaichi that the Central Bank is still gradually adjusting the monetary easing efforts, indicating a firm intention to raise interest rates. Ueda told the media after the meeting: “The mechanism of inflation and wage growth is recovering. Therefore, I explained to the Prime Minister that we are gradually adjusting the extent of monetary easing.” This meeting comes as investors focus on Takaichi's stance on monetary policy and await details of the economic stimulus plan to be announced this week. Ueda said: “We discussed forex issues. The Central Bank will closely monitor its impact on the economy while working closely with the government.” He also emphasized that the Bank of Japan will make appropriate policy decisions based on economic data. (Jin10)
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