Banks are stable – Bank of Japan chief

By Associated Press

Apr 12, 2023 12:19 am

TOKYO: The new governor of Japan's central bank signaled on Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic.

Bank of Japan (BoJ) Governor Kazuo Ueda said Japan's financial institutions are not facing the sorts of turmoil seen recently with bank failures in the United States and Europe. He pledged to do his utmost to maintain stability in both prices and financial systems in the world's third-largest economy.

NOTHING TO WORRY New governor of the Bank of Japan Kazuo Ueda (left) meets Japanese Prime Minister Fumio Kishida at the prime minister’s official residence in Tokyo on Monday, April 10, 2023. The new governor of Japan’s central bank signaled Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. AP PHOTO

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