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BOJ’s Ueda Says Will Closely Monitor Weak Yen’s Impact on Prices
Bank of Japan Governor Kazuo Ueda said after meeting with Prime Minister Fumio Kishida that he’s carefully watching the impact of the weak yen on prices and he discussed recent currency moves with the premier. “In general on foreign exchange rates, they can potentially have a large impact on the economy and prices, so I confirmed that the Bank of Japan will closely monitor the recent yen’s weakness in conducting policy,” Ueda said Tuesday after emerging from his first meeting with Kishida since March 19, the day the BOJ ended its negative rate regime. The two shared opinions on that decision while also ... (full story)
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