According to reports from Jinshi Data, the newly appointed member of the Bank of Japan, Ueda Kazuo, clearly stated at his inaugural press conference that he supports the cautious and gradual interest rate hike policy. Ueda indicated that under the current economic situation, the timing for accelerating interest rate hikes is not yet ripe and must be approached with caution. This statement shows that Ueda Kazuo's policy stance has received further support within the nine-member committee. Ueda succeeded Nakayama Toyoaki, who had voted against Ueda's interest rate hike decisions three times.