According to Kyodo News, Bank of Japan Governor Ueda Kazuo recently made several statements stressing concerns about the depreciation of the yen. At the Senate Finance Committee meeting on the 9th, he said that if the underlying price growth rate rises under the depreciation of the yen, “a monetary policy response is needed,” and expressed the idea of further interest rate hikes. At the press conference on April 26, Ueda did not express strong concerns about the depreciation of the yen, which led to a further depreciation of the yen. There are also opinions in the market that Ueda is trying to revise the direction of his statement. The yen exchange rate soared on April 29 after hitting a low level above 160 yen per dollar. The market believes that the Japanese government and central bank have implemented measures to interfere with the foreign exchange market by buying yen and selling dollars. Ueda's statement changed on May 7. After holding talks with Japanese Prime Minister Fumio Kishida, he told the media, “We have confirmed that we will pay full attention to the central bank's policy operation (depreciation of the yen).