The Governor of the Bank of Japan: It is very difficult to formulate policies at this stage due to the need to simultaneously face the risks of rising energy prices and economic downturn According to BlockBeats, on April 17th, Bank of Japan Governor Kazuo Ueda told reporters in Washington after attending a meeting of G20 finance ministers and central bank governors on Thursday, "The current situation involves a significant impact from rising energy prices. This brings both price risks and economic downturn risks Bank of Japan Governor Kazuo Ueda emphasized the challenges faced by policymakers, who need to simultaneously address the risks of rising prices and economic downturn caused by the Middle East conflict. Before the announcement of this month's policy decision, he did not send a clear signal on the issue of interest rates. Kazuo Ueda said, "That's why policy responses are very difficult. It's not easy to give a general answer." This may be his last chance to send a signal to the market before the interest rate decision on April 28th. In addition to determining the benchmark interest rate, next week's meeting will also release the latest economic forecasts, which are expected to raise the inflation outlook and potentially lower the growth forecast. Overall, considering factors such as the possible duration of the impact and other economic conditions, we will ultimately choose the most appropriate response measures to sustainably achieve the 2% inflation target, "Kazuo Ueda told reporters. However, if I could add one more point, as far as Japan is concerned, even looking at the medium-term range, real interest rates are still very low, "said Kazuo Ueda. In this sense, the financial environment is highly loose. While considering this, we hope to continue making various decisions