Bank of Japan Governor Kuroda said that the bank is still in a wait-and-see mode and did not make any statements at the G7 meeting.

Bank of Japan Governor Haruhiko Kuroda stated that the central bank will take the most appropriate action to achieve the 2% inflation target, taking into account the duration of the impact and the overall economic environment. After attending G20 meetings and other international financial leader meetings, Kuroda told reporters that current prices face upward risks while the economy faces downward risks. Kuroda said that participants generally believe that the situation in the Middle East currently poses "extremely high" uncertainty for the economy and markets. In addition, Kuroda stated that he did not say at the G7 meeting on Wednesday that the Bank of Japan is currently in a "wait-and-see" phase.