BOJ's Ueda says will 'seriously' take into account FX impact on economy, prices

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TOKYO :Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will "seriously" take into account foreign exchange-rate moves in compiling its economic and price forecasts.

President-elect Donald Trump's proposed inflationary policies could prevent the Federal Reserve from cutting rates too much, has pressured the yen lower.

The weak yen - which had pushed up import costs and inflation - was among the factors that led to the BOJ's decision to raise interest rates in July.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Cent Policy Economic Inflation Exchange-rate Meeting Bank Tokyo Ueda Japan Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 13:22:59 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23731262

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