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
This article was written by Eamonn Sheridan at www.forexlive.com. Source