The Japanese yen against the US dollar has fallen below 150! Bank of Japan Governor: Economic and price uncertainties remain very high

On Wednesday, the Bank of Japan's decision to maintain interest rates was in line with expectations. Governor Kazuo Ueda stated at the monetary policy press conference held in the afternoon that the uncertainty surrounding Japan's economy and prices remains high, and the current real interest rates are still very low.

He said: The Japanese economy is recovering moderately, and price trends will align with the targets projected for the second half of the year. If the economic outlook is realized, interest rate hikes will be resumed.

As Ueda spoke, the dollar fell against the yen briefly but quickly rebounded, currently reported at 150.01.

Regarding the external environment, Ueda stated: The pace of U.S. tariff policies is accelerating, and there is significant uncertainty in U.S. policies. The policy stance will be determined while assessing the impact of tariffs.

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