Bank of Japan Governor Kazuo Ueda told reporters that he held discussions with Prime Minister Shigeru Ishiba regarding the economy and financial markets during their routine meeting.

Speaking to reporters after the meeting, Ueda stated that interest rates would be raised if prices and the economy show improvement. He noted that their discussions covered market dynamics, including currency movements, and expressed hope that market trends would reflect underlying fundamentals. The central bank will continue monitoring markets while maintaining communication with the government.

This marked the first meeting between the two officials since February and was characterized as a regular meeting that was not prompted by any specific events.

Note: The Bank of Japan is expected to maintain its current policy stance at the upcoming policy meeting on September 19.