According to Jin Shi data reports, Bank of Japan Governor Kazuo Ueda stated that the central bank will seriously consider exchange rate fluctuations when compiling economic and price forecasts. He reiterated that the Bank of Japan will make monetary policy decisions at each meeting based on existing information.
Kazuo Ueda pointed out that there is still one month until the Bank of Japan's policy meeting in December, at which time there will be more information to digest. The weak yen has raised import costs and inflation, which is one of the factors for the Bank of Japan's interest rate hike in July. He emphasized that exchange rate fluctuations and their causes were seriously considered when formulating economic and inflation outlooks.