(Update) BOJ to Closely Monitor Yen's Weakness: Gov. Ueda
Tokyo, May 7 (Jiji Press)--The Bank of Japan will closely monitor the yen's weakness, BOJ Governor Kazuo Ueda told reporters after meeting with Prime Minister Fumio Kishida on Tuesday.
"We confirmed that the BOJ will pay full attention to the yen's current weakness in its policy management," Ueda said. "(The weak yen's) effects on the underlying inflation rate will be carefully monitored as well."
He also said the bank and the government will work closely with each other.
Ueda's remarks suggest that the BOJ will consider taking a policy step if the yen's further slide against the dollar increases the possibility of the central bank uplifting its price outlook, observers said.
Rumor has it that the BOJ may carry out another interest rate hike at an early date or cut back its government bond purchases, currently totaling some 6 trillion yen per month.
(2024/05/07-23:07)
To read a full story, please click here to find out how to subscribe.
NATION
- 05/19 23:11 APEC Statement Fails to Mention Russia, Middle East
- 05/19 21:55 Japan Foreign Minister Withdraws Possibly Misleading Remark
- 05/19 20:48 (Update) Kishida Renews Resolve on Political Funds Law Revision
- 05/19 20:05 Japan Govt to Consider More Aid to Rapidus: Minister
- 05/19 19:17 China Launches Antidumping Probes Targeting Japan, Others
- 05/19 18:06 (Update) Norinchukin Bank Eyeing 1.2-T.-Yen Capital Boost
- 05/19 17:08 (Update) Kishida Inspects Hospital in Northeastern Japan
- 05/19 14:44 Norinchukin Bank Eyeing 1.2-T.-Yen Capital Boost
- 05/19 11:02 2nd Person Arrested for Alleged Murder of Tokyo Couple
- 05/19 10:11 U.S. Embassy in Tokyo to Have Officer for China Affairs
- 05/19 09:45 JR Firms Expanding Cargo Transport Using Shinkansen Trains
- 05/19 09:34 G-7 Goal of Nuclear-Free World Increasingly Challenged
- 05/19 09:00 Over 60 Pct of Japan Firms See Yen's Recent Weakness Negative
- 05/18 22:08 Former S. Korean Pres. Moon Raps Ex-Japan PM Abe in Memoir
- 05/18 20:28 Okinawa Peace March Held to Mark 52nd Anniv. of Return to Japan
- 05/18 17:22 Los Angeles Designates May 17 as "Shohei Ohtani Day"
- 05/18 13:23 N. Korea Test-Fires Tactical Ballistic Missiles: State Media
- 05/18 12:56 James Auer, Ex-Pentagon Official for Japan Affairs, Dies at 82
- 05/17 23:51 U.S. Ambassador Makes 1st Visit to Japan's Westernmost Island
- 05/17 22:30 Japan Enacts Hydrogen Society Promotion Law
- 05/17 20:38 LDP Submits Own Bill to Revise Political Funds Law
- 05/17 20:25 Japan Political Parties Begin Talks on Imperial Family Plan
- 05/17 19:47 Western Japan Mayor Declares Bid for Tokyo Governorship
- 05/17 19:14 (Update) N. Korea Fires Ballistic Missiles toward Sea of Japan
- 05/17 19:05 Japan's New Ambassador to S. Korea Vows Efforts for Better Ties
- 05/17 18:59 Japan to Provide 5 More Large Patrol Ships to Philippines
- 05/17 18:03 Japan Enacts Joint Child Custody Bill
- 05/17 16:53 (Update) Japan Diet Panel OKs Bill on Training Foreign Workers
- 05/17 16:52 Upper House Panel Urges 29 "Slush Fund" Lawmakers to Appear
- 05/17 16:45 Fukushima N-Plant Starts Fresh Round of Water Release
- 05/17 16:37 N. Korea Fires Ballistic Missile toward Sea of Japan
- 05/17 16:15 Japan Enacts Bill to Make Webcasts Mandatory for NHK
- 05/17 16:09 Japan Protests China, Russia over Treated Water
- 05/17 15:37 Political Group Head, 2 Others Nabbed for Tokyo Poll Obstruction
- 05/17 15:19 Japan Diet Panel OKs Bill on Training Foreign Workers
- 05/17 14:45 Meta's Oversight Board Seeking Public Views on Threads Post Rapping Japan PM
- 05/17 13:43 Japan to Utilize My Number Cards in Ambulance Transportation
- 05/17 13:13 Japan Passes Bill to Introduce "Blue Ticket" Fines for Cyclists
- 05/17 08:34 Japan to Give Emergency Relief to Flood-Hit Afghanistan
- 05/16 21:58 China Brass Visit Japan under Exchange Scheme for 1st Time in 5 Yrs
- 05/16 21:33 Japan Top Court to Take Measures for Disabled Plaintiffs
- 05/16 20:52 Billionaire Maezawa Sues Meta over Fake Social Media Ads
- 05/16 19:35 Hiroshima, Nagasaki Mayors Rebut U.S. Politician's A-Bomb Remarks
- 05/16 19:08 Kishida, New Singapore PM Agree to Strengthen Bilateral Ties
- 05/16 19:07 LDP Panels OK Policy Activity Funds Disclosure Rules
- 05/16 18:04 U.S. Aircraft Carrier Ronald Reagan Leaves Japan
- 05/16 17:17 Univ. Applicant Referred to Prosecutors over Use of Smart Glasses
- 05/16 16:10 Japan Rattled by Drone Video of Key Destroyer
- 05/16 15:35 Kishida Cabinet's Support Rate Edges Up: Jiji Poll
- 05/16 13:57 Japan to Develop Some Parts for New Interceptor Project with U.S.
- 05/16 12:44 Nabbed Vietnamese Men May Be Involved in Serial Robberies in Japan
- 05/16 12:01 (Update) Japanese Composer Kida Dies at 93
- 05/16 09:50 Japanese Composer Kida Dies at 93
- 05/16 00:01 LDP, Komeito Fail to Reach Accord on Political Funds Law Revision
- 05/15 21:22 Taipei Mayor Meets Japanese Ruling Party Officials in Tokyo
- 05/15 20:17 Fukushima N-Plant to Start Fresh Round of Water Release Friday
- 05/15 19:41 Japan Begins Review of Basic Energy Plan amid Spread of AI
- 05/15 19:21 Japan Govt Now Monitoring All 583 Designated Security Areas
- 05/15 17:55 Meta Ready to Testify at Japan's Parliament over Scam Ads
- 05/15 17:44 Smart Glasses Allegedly Used to Leak Univ. Entrance Exams
- 05/15 17:20 Visitors to Japan Up 4 Pct from Prepandemic Level in April
- 05/15 16:59 Ex-Japanese Univ. Prof. Gets 6 Yrs in Prison in China
- 05/15 16:35 Kishida Defends Planned Rule to Revoke Foreigners' Residency
- 05/15 15:20 Court Rejects Petition to Halt Shimane N-Reactor
- 05/15 13:51 Register for Hiroshima A-Bomb Victims Got Aired
- 05/15 13:03 Japan Enacts Bill to Lower Mandatory Tender Offer Threshold
- 05/15 10:33 Ohtani's Ex-Interpreter Appears in L.A. Court over Fraud
- 05/14 22:24 17,000 Elderly Living Alone Died at Home in Jan.-March: Japan Survey
- 05/14 22:01 Japan to Review Romanization System for 1st Time in 70 Years
- 05/14 21:33 30 Deaths Recognized as Indirectly Caused by Noto Quake
- 05/14 20:47 LDP to Write Draft Funds Law Revision Bill First
- 05/14 19:50 Figure Skater Shoma Uno Upbeat on Retirement
- 05/14 19:28 Diet Ethics Panel to Screen 44 LDP Lawmakers over Money Scandal
- 05/14 19:22 Japan Worried over U.S. Officials' Remarks on Atomic Bombings
- 05/14 19:09 Kidney Cancer Mutation Found in 70 Pct of Japan Patients: Study
- 05/14 18:57 42 Victims Remembered 33 Years after Shiga Train Collision
- 05/14 16:03 (Update) 3 Killed in Expressway Accident near Tokyo
- 05/14 15:55 Japan Producer Prices Rise 0.9 Pct in April
- 05/14 14:17 Even Slightly High Blood Pressure Ups Vascular Disease Risks
- 05/14 13:51 Japan Nursing Care Insurance Premiums to Rise 3.5 Pct
- 05/14 11:18 IMF Urges Japan to Maintain Flexible Exchange Rate Regime
- 05/14 10:19 Japan AGC Unit Loses Suit over Indirect Gender Discrimination
- 05/14 09:12 Japan's Fugaku Tops 2 Supercomputer Rankings for 9th Time
- 05/13 21:55 Komeito Leader Urges Kishida to Lead Political Funds Law Revision
- 05/13 21:38 Japan Mulls Legislation against Customer Harassment
- 05/13 20:25 S. Korean Opposition Leader Lands on Japan-Claimed Isles
- 05/13 15:39 Political Group Raided for Alleged Election Disruption in Tokyo
- 05/13 13:47 Japan Panel Calls for Pay Hike for Teachers
- 05/13 13:39 BOJ Cuts JGB Buying for 1st Time since Negative Rate End
- 05/13 12:45 Reservations for Climbing Mount Fuji to Start May 20
- 05/13 09:44 U.S. Senator Again Justifies 1945 Atomic Bombings of Japan
- 05/10 12:39 Japan Household Spending Down 3.2 Pct in FY 2023
- 05/10 12:04 Japan's Current Account Surplus Hits Record 25 T. Yen in Fiscal 2023
- 05/09 15:46 Japan's Coincident Economy Index Up 2.4 Points in March
- 05/09 12:39 Japan's Real Wages Down 2.5 Pct in March
