日本央行行长强调货币政策灵活性及对贸易政策的谨慎态度

Group 1 - The Bank of Japan (BOJ) maintains the benchmark interest rate at 0.5%, marking the third consecutive meeting of rate stability, aligning with market expectations [1] - The BOJ will continue its bond reduction plan until March 2026, with a quarterly reduction of approximately 200 billion yen starting from April 2026 [1] - Japan's overall economy shows signs of moderate recovery, despite some regional economic activities remaining sluggish [1][2] Group 2 - The consumer price index (CPI) excluding fresh food has increased by approximately 3.5% year-on-year, driven by rising wages, past import price increases, and food price hikes [1] - Core CPI inflation is expected to remain subdued in the short term, but may gradually approach the 2% target in the medium to long term due to labor shortages and economic growth recovery [1][3] - The BOJ emphasizes the importance of flexible adjustments to its bond purchase plan in response to global economic uncertainties and risks, particularly from trade policies [1][3] Group 3 - BOJ Governor Kazuo Ueda expresses a cautious outlook on domestic and international economic conditions, indicating that all monetary policy tools remain on the table [2] - The decision to reduce bond purchases is aimed at preventing bond yield fluctuations and ensuring market stability [2] - Ueda highlights the need for close monitoring of global economic conditions, particularly trade policy uncertainties, and commits to a flexible response strategy [3]