Bank of Japan Governor Kazuo Ueda is facing intense scrutiny following a recent market turmoil attributed to the Bank's policy decisions. Ueda has cited concerns over a slowdown in the US economy as a factor behind the market rout, which coincided with an 11% move in the yen. The Bank of Japan raised interest rates in July due to risks of price overshoot driven by import costs and economic movements. Ueda emphasized the need for clear communication of the Bank's policies and remains vigilant to unstable market moves. He expressed readiness to adjust policy if economic growth and inflation align with forecasts, and maintains collaboration with the government. The Bank is on a path toward higher interest rates, provided inflation and economic data continue to meet projections. Ueda also highlighted the importance of price stability for economic growth and suggested that real rates are likely to remain negative, supporting the economy. Japan's current short-term rate, at 0.25%, is still below the estimated neutral rate.