Ella 
In an interview with the Yomiuri Shimbun last weekend, Bank of Japan Governor Ueda Kazuo explained the July monetary policy adjustment as “a mechanism to adjust the balance between the effects and side effects of monetary easing measures.”
Bank of Japan Governor Kazuo Ueda added that the focus now will be on “quietly exiting” easing policy as the BOJ seeks to avoid a major impact on markets.
The Bank of Japan may have enough data by the end of the year to determine whether it can end its negative interest rate policy.
Once the Bank of Japan is convinced that Japan’s inflation will continue to rise, accompanied by wage growth, it can take a variety of measures.
If we judge that Japan can still achieve its inflation target after ending negative interest rates, we will do so.
The Bank of Japan will “patiently” maintain its ultra-loose policy. Although signs of improvement in Japan’s inflation are just emerging, our goal has not yet been achieved.
Rising wages are starting to push up service prices. The key will be whether wages continue to rise next year.
Regarding the timing of ending negative interest rates, the prospect of obtaining sufficient information and data in this regard before the end of the year cannot be ruled out.
