BoJ’s Ueda: Will consider appropriate steps if interest rates breach 1%

Further comments are flowing in from new Bank of Japan Governor Kazuo Ueda on Friday, as he addresses the press conference that follows the monetary policy meeting.

It is appropriate to maintain strong monetary easing.

Will consider appropriate steps if interest rates breach 1%.

Will fall behind the curve if we try to respond to excessive interest rate rise at the time.

We have expanded room for ability to deal with upward moves in interest rates.