Bank of Japan's Governor Kazuo Ueda hinted at maintaining the current accommodative monetary policy while not ruling out tightening measures. "We will assess the possibility of scaling back the extent of monetary easing," Ueda stated during a parliamentary hearing. He emphasized that a prerequisite for such action would be a continued rise in underlying inflation. Ueda assured that there is no predetermined plan for interest rate hikes. In March, BoJ adjusted its monetary policy, including abolishing negative interest rates.