Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)

Bank of Japan Governor Kazuo Ueda holds a press conference at the BOJ headquarters in Tokyo on July 31, 2026. (Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images)