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MNI BRIEF: Higher Import Prices To Drive Policy - BOJ's Ueda

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Governor Kazuo Ueda said on Wednesday the BOJ would consider monetary policy change should the risk of the underlying inflation rate rising above 2% increase due to higher import prices driven by the weak yen.

Ueda told lawmakers that the BOJ has no plan to adjust monetary policy directly immediately after foreign exchange rates moves.

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Bank of Japan Governor Kazuo Ueda said on Wednesday the BOJ would consider monetary policy change should the risk of the underlying inflation rate rising above 2% increase due to higher import prices driven by the weak yen.

Ueda told lawmakers that the BOJ has no plan to adjust monetary policy directly immediately after foreign exchange rates moves.

Keep reading...Show less