Bank of Japan Governor Kazuo Ueda: The real interest rate is very low. If the forecasts for economic activity and prices become a reality, the Bank of Japan will continue to raise the policy interest rate based on improvements in the economy and prices. The Bank of Japan believes that overseas economies will temporarily slow down due to the impact of tariff policies, and this view has not changed. Even if the policy interest rate is raised, the loose financial environment will still be maintained. Raising interest rates in a loose financial environment is a process of gradually easing off the accelerator to achieve stable economic growth and price stability, rather than hitting the brakes on economic activity. In the December meeting, the Bank of Japan will examine and discuss domestic and foreign economic activities and price situations, as well as market dynamics, based on various data and weigh the pros and cons of raising interest rates.