日本央行行长：日本经济温和复苏，12月将审慎评估加息路径

Core Viewpoint - The Bank of Japan's Governor Ueda Kazuo reiterated that the Japanese economy has achieved a "moderate recovery," despite a temporary negative GDP growth expected in the third quarter of 2025 [1] Economic Outlook - Ueda noted that the uncertainty surrounding Japan's economic outlook is diminishing as companies continue to raise wages and prices, alongside a gradual recovery in the overseas economy [1] - The Governor emphasized that the basic assessment of economic activity and prices by the Bank of Japan remains unchanged [1] Wage Growth and Corporate Behavior - Ueda highlighted that the minimum wage for the fiscal year 2025 is expected to increase by over 5% year-on-year, which is likely to encourage broader corporate wage increases [1] - He stressed the importance of confirming whether the initial trends leading into the annual wage negotiations in spring next year possess sufficient momentum [1] Monetary Policy - Regarding monetary policy, Ueda stated that it is necessary to adjust the easing measures appropriately to achieve the price stability target, indicating that adjustments should neither be too late nor too early [1] - He explained that even if policy interest rates are raised, a loose financial environment will be maintained, clarifying that rate hikes should be viewed as "moderately easing the accelerator" rather than "slamming the brakes" to support stable economic and price growth [1]