The Zhitong Finance App learned that Bank of Japan Governor Ueda Kazuo said that the central bank is still some distance from achieving the inflation target, and this statement has accelerated the weakening of the yen. Although Kazuo Ueda also downplayed the possibility of boosting the economy by cutting interest rates, he mentioned that support for the economy may be needed, which may make people think that the next rate hike by the Bank of Japan will be even farther away.

The Zhitong Finance App learned that Bank of Japan Governor Ueda Kazuo said that the central bank is still some distance from achieving the inflation target, and this statement has accelerated the weakening of the yen. Although Kazuo Ueda also downplayed the possibility of boosting the economy by cutting interest rates, he mentioned that support for the economy may be needed, which may make people think that the next rate hike by the Bank of Japan will be even farther away.