More Bank of Japan Governor Ueda: Sharp, one-sided yen fall undesirable, bad for economy

  • Ueda with a more forceful icomment to support the yen

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
Bank of Japan Governor Ueda after the rate hike

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