China: Manufacturing sector conditions deteriorate in November

It is my great pleasure to have the opportunity today to exchange views with a distinguished gathering of business leaders in the Tokai region. I would like to take this chance to express my sincerest gratitude for your cooperation with the various activities of the Bank of Japan's Nagoya Branch. As the Tokai region is one of Japan's largest exporting bases, we at the Bank, myself included, listen with great interest to the report from the General Manager of the Nagoya Branch at the meeting of general managers of the Bank's branches held quarterly. I am glad to be able to hear your views directly today. Before hearing from you, I would like to talk about developments in economic activity and prices a BOJ’S UEDA COMMENTS THAT THE GLOBAL ECONOMIC EFFECT OF U.S. TARIFFS HAS BEEN MINIMAL SO FAR. ... BOJ Governor Ueda says the central bank will continue raising the policy rate if economic activity and inflation meet projections. <JPY=>:*BOJ'S UEDA: FX IS MORE LIKELY TO AFFECT PRICES THAN BEFORE *UEDA: TO CONSIDER PROS, CONS OF RAISING POLICY RATE AT NEXT MPM *UEDA: EVEN IF POLICY RATE RAISED, CONDITIONS STILL ACCOMODATIVE *BOJ'S UEDA: REAL RATE IS VERY LOW