The Bank of Japan announced on Friday that interest rates would remain unchanged. Governor Kazuo Ueda then attended a press conference. The yen returned gains against the US dollar, and eventually remained roughly flat. The yen had previously risen 0.4% to 157.12, then traded at 157.66, with little fluctuation. Kazuo Ueda said that when formulating policies at subsequent meetings, the central bank will pay close attention to the risk of price increases exceeding the 2% target. He also said that he will continue to consider whether interest rate hikes are needed at every meeting, including the December meeting. The overall trend of capital flows to safe-haven assets in the global market eased somewhat on Friday. Technology stocks fell and oil prices rose. Against this backdrop, the exchange rate was described above.

The Bank of Japan announced on Friday that interest rates would remain unchanged. Governor Kazuo Ueda then attended a press conference. The yen returned gains against the US dollar, and eventually remained roughly flat. The yen had previously risen 0.4% to 157.12, then traded at 157.66, with little fluctuation. Kazuo Ueda said that when formulating policies at subsequent meetings, the central bank will pay close attention to the risk of price increases exceeding the 2% target. He also said that he will continue to consider whether interest rate hikes are needed at every meeting, including the December meeting. The overall trend of capital flows to safe-haven assets in the global market eased somewhat on Friday. Technology stocks fell and oil prices rose. Against this backdrop, the exchange rate was described above.