BOJ Governor Ueda's comments at news conference

Japan’s central bank on Thursday kept benchmark interest rates steady at 0.5% in its first meeting after Sanae Takaichi took power as the country’s prime minister earlier this month. The decision was in line with expectations from economists polled by Reuters, and comes even as inflation has stayed above the central bank’s 2% target for 41 months in a row. ...

At the Monetary Policy Meeting held today, the Policy Board of the Bank ofJapan decided, by a 7-2 majority vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5 percent. Voting for the action: UEDA Kazuo, HIMINO Ryozo, UCHIDA Shinichi, NOGUCHI Asahi, NAKAGAWA Junko, KOEDA Junko, and MASU Kazuyuki. Voting against the action: TAКАТА Hajime and TAMURA Naoki. Takata Hajime considered that there had been a shift away from the deflationary norm and the price stability target had been more or less achieved. Tamura Naoki considered that, with risks to prices becoming more skewed to the upside, the Bank should set the policy interest rate a little closer to the neutral rate. They proposed that the Bank set the guideline for money market operations as follows: the Bank would encourage the uncollateralized overnight call rate to remain at around 0.75 percent. The proposals were defeated by majority votes. BOJ BOARD MEMBERS TAKATA, TAMURA DISSENTED TO DECISION ON RATES BOJ BOARD MEMBERS TAKATA, TAMURA PROPOSED RAISING SHORT-TERM INTEREST RATE TARGET TO 0.75% FROM 0.50% PROPOSALS BY TAKATA, TAMURA TURNED DOWN BY MAJORITY VOTE BOJ'S TAKATA CONSIDERED THERE HAD BEEN A SHIFT AWAY…

BOJ GOV UEDA: JAPAN'S ECONOMY RECOVERING MODERATELY ALBEIT WITH SOME WEAKNESS EASY MONETARY CONDITIONS WILL SUPPORT ECONOMY JAPAN'S ECONOMIC GROWTH LIKELY TO BE MODEST AS TRADE POLICIES LEAD TO SLOWDOWN IN OVERSEAS ECONOMY, DECLINE IN CORPORATE PROFITS JAPAN'S ECONOMIC… BOJ Gov Ueda: Tamura Advocated Noting Core Inflation Likely to Be in Line with Target Beyond Mid-Projection BOJ GOV UEDA: WANT TO TAKE A LITTLE LONGER TO SEE HOW U.S. TARIFF IMPACT WOULD AFFECT JAPANESE ECONOMY DON'T THINK THERE IS RISK OF FALLING BEHIND THE CURVE HAVE NO PRESET IDEAS ABOUT TIMING OF NEXT RATE HIKE BOJ GETS GOVT'S VIEWS FROM REPRESENTATIVE AT EACH POLICY MEETING… BOJ GOV UEDA: WE REMAIN UNABLE TO DETERMINE TERMINAL RATE WANT TO MONITOR HOW USE OF STABLE COINS WILL SPREAD IN JAPAN WHILE KEEPING IN MIND CYBER AND MONEY LAUNDERING RISKS