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MNI BRIEF: Yen Should Move Stably on Fundamentals - BOJ's Ueda

(MNI) OSAKA

Bank of Japan Governor Kazuo Ueda said on Monday it is important for foreign exchange rates to move stably reflecting economic and financial fundamentals.

“We continue to carefully watch forex moves and their impact on the economy and prices, while closely contacting with the government,” Ueda told business leaders in a Q&A session.

He also said the weak yen's impact on firms and industries varies but did not commenting on how the BOJ would address the yen’s recent fall.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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