BOJ will scrutinise weak yen in guiding monetary policy, says Governor Ueda

BOJ will scrutinise weak yen in guiding monetary policy, says Governor Ueda

“Sharp (OTC:SHCAY), one-sided yen falls are negative for the economy and therefore undesirable,” as it makes it difficult for companies to set business plans, Ueda told parliament.

“If currency volatility affects, or risks affecting, trend inflation, the BOJ must respond with monetary policy,” he said.

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