Bank of Japan Governor Kazuo Ueda warned that yen weakness is increasingly feeding into import costs and consumer inflation, saying currency swings now have a bigger impact than in the past. Ueda said Japanese firms have become more willing to raise both wages and prices, which heightens the sensitivity of inflation to foreign-exchange moves.
He emphasised that the BOJ must stay alert to the risk that sharp currency volatility could influence inflation expectations and underlying price dynamics
Bank of Japan Governor Ueda says weak yen pushes up import prices, factor in higher CPI
