BOJ Chief Ueda Says Weak Yen Could Affect Underlying Inflation

BREAKING NEWS: BOJ chief Ueda sees weaker yen as factor lifting consumer prices

BREAKING NEWS: BOJ chief Ueda sees weaker yen as factor lifting consumer pricesRead full story here

BOJ chief Ueda says weak yen could affect underlying inflation

TOKYO :Bank of Japan Governor Kazuo Ueda said on Friday the central bank must be mindful of the chance the weak yen could affect underlying inflation by pushing up import costs and broader prices.The BOJ has said it will continue to raise interest rates if it becomes convinced that underlying inflation, or pr

BoJ's Ueda says weak Japanese Yen pushes up import prices, factor in higher CPI

The post BoJ’s Ueda says weak Japanese Yen pushes up import prices, factor in higher CPI appeared on BitcoinEthereumNews.com. Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that the Japanense Yen (JPY) weakness is increasingly feeding into import costs and consumer inflation, adding that currency swings have a bigger impact than in the past. Key quotes Compared with past, companies are becoming more keen to raise wages and prices. Agains…