More Bank of Japan Governor Ueda: Sharp, one-sided yen fall undesirable, bad for economy
Bank of Japan Governor Ueda:Sharp, one-sided yen fall undesirable, bad for economyExpects positive wage-inflation cycle to strengthen Fx moves are among key factors that affect economy, pricesIf fx volatility affects, or risks affecting, trend inflation, BOJ must respond with monetary policyBOJ will scrutinise recent weak yen in guiding monetary policy This article was written by Eamonn Sheridan at www.forexlive.com.
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
