Japan’s central bank is maintaining a firm stance, with Bank of Japan Governor Ueda suggesting that interest rates may need to rise if the economy aligns with their forecasts. This development poses a significant challenge for the European Central Bank, which is already grappling with the pressures of high interest rates from both the U.S. and Japan. Ueda has also made it clear that selling long-term government bonds is not currently on the table as a strategy for rate adjustment.