BoJ’s Ueda: Today's policy decision took into account financial turmoil since March

More comments are flowing in from new Bank of Japan Governor Kazuo Ueda on Friday, as he addresses his first press conference that follows the monetary policy meeting.

Key quotes

Our conducting a review does not signify stance that monetary easing in past was ineffective.

It would take more time for trend inflation to heighten further.

Will be careful not to misread balance between effects and side-effects of monetary policy.

Today's policy decision took into account financial turmoil since March.

Market conditions are stabilising now.

Concern lingers over mid-sized financial institutions.