BoJ's Ueda says the domestic economy is recovering moderately, though some weak moves are seen

Uncertainties around the economy and prices remain high.
FX impact on prices is larger than has previously been the case, as firms are more eager to announce wage and price hikes; no comment on FX fluctuations.
Will keep adj. the degree of easing if the economic/price outlook is realised.
Need to closely watch the impact of overseas economies, incl. the US economy and Japan's economic activities/prices.
Open minded on timing of future moves.
Re. the US data, not yet at a stage where we feel at ease thought there are improvements seen in the data. Risks in the economy have decreased somewhat.
Will continue to analyse the impact of JPY weakness on the economy.
Did not need to use the language at this meeting that they can afford to spend time scrutinising risks.
Wage data is becoming in-line with the 2% inflation target. Focus will be on whether wage growth continues above the inflation target.
Uncertainties remain but markets have slowly regains stability.
Early-August rout had no negative impact on the domestic financial system, no huge negative impact seen on lenders sentiment from the July move.
Long-term policy review would include discussions on the neutral rate.
2025 & 2026 inflation outlook certainty will be lower than in 2024.
Attentive to the trend that weak JPY's upward risks to prices are bigger than in the past.
"When certainty if meeting our outlook heightens, we will start to see the possibility of the next rate hike"
"Next rate hike can be seen when we come more confident of realisation of our outlook"
Possible that unforeseen negative effects could emerge with more rate hikes, because Japan has not seen rate hikes for a long time
Can't currently say how much wages would need to increase for them to hike further; if wage hikes are similar to this year's Spring negotiations that would be a "positive development", but that does not mean we decide to hike with only that.
A next step would be difficult if the US economy risks similar to levels of August remain
Not thinking political situations would directly impact price outlook
"Have not seen major turmoil as we took our actions towards the exit"
Will not use the term "we can still afford time" going forward