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At its monetary policy meeting held on the 18th and 19th, the Bank of Japan decided to keep the policy interest rate at the current level of around 0.25%. In a press conference held after the meeting, Governor Ueda stated that the pace of fundamental price increases, excluding short-term fluctuations such as rising import prices, is "extremely slow," indicating that he does not believe there is a need to rush into raising interest rates. He also stated that "more information is needed on wage trends" as to the reason for postponing the rate hike. #GovernorPressConference #BankofJapan #UedaKazuo