BoJ’s Ueda: From a long-term perspective, rising rates will help improve financial institutions' profits

Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that “from a long-term perspective, rising interest rates will help improve financial institutions' profits.”

Additional quotes

BoJ’s massive monetary easing, including yield curve control (YCC), was a necessary process towards achieving our price target.

We acknowledge the BoJ’s massive stimulus has caused various side effects.

The rise in long-term interest rates will push up corporate funding costs but they also need to take into account how improving the economy will underpin their profits.

Survey, data on bank lending, firms' funding conditions show they are in good shape.

Accommodative monetary environment continues to support Japan's economy.

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