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Boj’s Ueda: Fx Moves Are Among Factors That Have Huge Impact on Japan's Economy, Prices

FXStreetMar 30, 2026 1:19 AM
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Bank of Japan (BoJ) Governor Kazuo Ueda said during Asian trading hours on Monday, after the release of the central bank’s Summary of Opinions, that changes in the foreign exchange (FX) market are key factors that have a huge impact on Japan's economy, and prices.

Additional Remarks

Will closely watch FX moves.

As firms become more active in raising prices and wages, impact of FX fluctuations on prices has become bigger.

FX fluctuations may affect underlying inflation through changes in inflation expectations.

BoJ will guide policy appropriately by scrutinising how FX moves could affect likelihood of achieving our growth, price forecasts as well as risks.

Want to decide monetary policy by scrutinising what implications FX, market moves could have on our goal to stably achieve our 2% inflation target.

Long-term interest rates move reflecting market views on economic, price outlook as well as views on fiscal, monetary policies.

If short-term interest rates are hiked at appropriate pace, long-term rates will move stably.

We will guide policy appropriately, communicate carefully with markets so that long-term interest rates move stably.

Market reaction

The Japanese Yen (JPY) has reacted positively to comments by BoJ Governor Ueda. As of writing, USD/JPY is down 0.26% to near 159.90.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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