The governor of the Bank of Japan continued to buy Japanese treasury bonds during the March policy adjustments in order to be able to cope with the rapid rise in yields. On Friday, he said in Washington that the Bank of Japan is expected to maintain a relaxed financial environment for some time. He initially underestimated Japan's inflation, which was a spillover effect of global inflation during the pandemic, but then raised his price forecast. Strong wage growth in March raised the possibility of meeting price targets, which was enough to change the Bank of Japan's policy.