Xinhua News Agency, May 13, Bank of Japan Governor Kazuo Ueda said that the G7 central bank seems to believe that the impact of past interest rate increases on the economy and inflation has not been fully apparent and will become clearer in the future.

Xinhua News Agency, May 13, Bank of Japan Governor Kazuo Ueda said that the G7 central bank seems to believe that the impact of past interest rate increases on the economy and inflation has not been fully apparent and will become clearer in the future; overall, the G7 central bank governor seems to think that core inflation is still difficult to reduce, even if the overall inflation rate begins to slow.