Bank of Japan Governor Ueda:

  • Sharp, one-sided yen fall undesirable, bad for economy
  • Expects positive wage-inflation cycle to strengthen
  • Fx moves are among key factors that affect economy, prices
  • If fx volatility affects, or risks affecting, trend inflation, BOJ must respond with monetary policy
  • BOJ will scrutinise recent weak yen in guiding monetary policy
BOJ Kazuo Ueda