I believe that the bank must maintain monetary policy easing with the current interest rate for the time being, given the extremely volatile development on financial and capital markets at home and abroad, said Uchida on Wednesday.
On Monday, the Tokyo Stock Exchange plummeted and the Nikkei 225 index stood at minus 12 percent at closing. It was the largest drop since the so-called "Black Monday" in 1987 when Nikkei fell 14.9 percent.
The concern on the Tokyo Stock Exchange has, among other things, been rooted in the yen strengthening after the Japanese central bank raised the country's low interest rate earlier in the week.
The Tokyo Stock Exchange recovered somewhat on Tuesday. And in early Wednesday trading, the Nikkei 225 stood at plus 2.1 percent just before lunch.
