“We had candid, good talks on economic, price, financial developments as well as on monetary policy,” Ueda told reporters after his first bilateral meeting with Takaichi since she took office last month.
Ueda said the two discussed currency moves, adding that it was desirable for exchange rates to move stably reflecting economic fundamentals.
The meeting has been closely watched for hints on how soon the central bank will resume its rate-hike cycle.
It came in the wake of the yen’s slide to a nine-month low that drew alarm from Japan’s finance minister over volatile currency moves.
While Ueda has signaled the chance of raising interest rates as soon as next month, Takaichi has voiced displeasure over the idea and urged the BOJ to cooperate with government efforts to reflate the economy.
The BOJ ended a decade-long, massive stimulus last year and raised rates to 0.5% in January. It has kept rates steady since then to scrutinise the economic impact of higher U.S. tariffs.
Markets bet the dovish prime minister will deliver big spending and pressure the central bank to go slow in raising rates have prodded investors to sell yen and Japanese government bonds.
The BOJ chief typically holds a bilateral meeting after the inauguration of a new prime minister. The two also meet about once every quarter to discuss economic and price developments.
Known as a proponent of expansionary fiscal and monetary policy, Takaichi has called on the BOJ to communicate closely with the government and tread cautiously in hiking rates.
The remarks have heightened market attention on their meeting, and whether Takaichi would acquiesce to the BOJ’s plan to raise still-low borrowing costs.
With inflation exceeding its 2% target for well over three years, many market participants expect the BOJ to raise rates to 0.75% from 0.5% either in December or January. Ueda dropped unusually hawkish hints last month of a rate hike.
But Takaichi’s policy adviser warned against a near-term rate hike after data on Monday showed Japan’s economy contracted in the third quarter on soft consumption and exports.