According to Jinshi Data, Bank of Japan Governor Kazuo Ueda said that the central bank will seriously consider exchange rate changes when compiling economic and price forecasts. He reiterated that the Bank of Japan will make monetary policy decisions meeting by meeting based on available information.
Ueda said there is still a month until the Bank of Japan's December policy meeting, when there will be more information to digest. The weak yen has pushed up import costs and inflation, which was one of the factors in the Bank of Japan's July rate hike. He stressed that exchange rate changes and their causes are carefully considered when formulating the economic and inflation outlook.