TOKYO — Bank of Japan Governor Kazuo Ueda has toned down his hawkish rhetoric, as the central bank has enjoyed a rally in the value of the yen while facing a slowing U.S. economy. 

“Uncertainty in the global economy, particularly in the U.S. economy, and the resulting movements of the financial markets, have made the future outlook uncertain,” Ueda said in a press conference after the central bank decided to leave its policy unchanged on Friday.