Deputy Governor Haimino of the Bank of Japan said the pass‑through of higher oil prices to final consumer goods is progressing at a relatively fast pace. He noted that the recent easing of tensions in the Middle East aligns with the outlook presented in April. Easy monetary conditions are likely to continue, but postponing a shift away from an expansionary stance could raise the risk of excessive price increases. The central bank will closely monitor the impact of higher interest rates on companies and households.