Bank of Japan Governor Kazuo Ueda: There is a high level of uncertainty regarding the economic outlook overseas, especially concerning the economic policies of the incoming USA government. USA policies may have a significant impact on the Global economy and markets, thus it is essential to carefully examine their effects on Japan's economy and prices.

Bank of Japan Governor Kazuo Ueda: Even if the economy and prices improve, maintaining the current low interest rates may make monetary policy too loose. Allowing the monetary environment to be excessively loose may force the Bank of Japan to raise interest rates significantly, which is unfavorable for long-term economic growth. Further adjustments to the timing and pace of monetary support will depend on the economic, price, and financial conditions at that time.

Bank of Japan Governor Kazuo Ueda: If interest rates remain low for too long, the risk of rapid rate hikes will increase.