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The Bank's Semiannual Report on Currency and Monetary Control

· Kazuo Ueda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: financial stability

KU
· Kazuo Ueda Wiki · Bank of Japan WikiThe Bank's Semiannual Report on Currency and Monetary Control

ContextStatement before the House of Representatives' financial affairs committee in Tokyo on the bank's semiannual report; the Bank of Japan pursues price stability and must explain its policy to parliament.

Why it mattersUeda warns parliament that weak bank profits could curb lending.

Problems raised
  1. Long-term pressure on bank profits may weaken lending.
  2. Search for yield raises vulnerabilities.
  3. Uncertainty about the outlook persists.
Solutions proposed
  1. Report regularly to the Diet.
  2. Monitor financial system risks.
  3. Conduct policy based on the outlook.
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