Overview
- Ueda, speaking in Washington on Thursday after the G20 talks, said the Middle East turmoil has created a negative supply shock that makes policy choices hard.
- He noted Japan’s real interest rates remain low and said the Bank of Japan will weigh still-easy financial conditions when deciding its next move.
- Ueda pushed back on a portrayal that many central banks are in wait-and-see mode, saying the BOJ did not make that claim.
- Japan’s finance minister Satsuki Katayama said officials are watching markets with extremely high tension and warned that excess production in China can distort prices and resource use elsewhere.
- The United States urged cooperation on Iran sanctions at the meeting, the chair left early and no joint statement followed, and South Africa did not take part.