Japanese Finance Minister Shunichi Suzuki and Bank of Japan officials express concerns over the weak yen and potential adverse impacts on the economy. Suzuki emphasizes readiness to take bold action against excessive currency moves. BOJ Governor Ueda highlights the importance of coordinating monetary policy and expects positive wage-inflation cycles to strengthen. Officials discuss the need for gradual policy normalization and the impact of foreign exchange movements on the economy.
🔴 CABINET OFFICE REPRESENTATIVE: BOJ MUST CONTINUE SUPPORTING ECONOMY THROUGH MONETARY POLICY
BoJ’s Summary Of Opinions At The Monetary Policy Meeting https://t.co/GNewFq6cFy
🔴 BOJ SUMMARY: MEMBER SAYS IT'S TOO EARLY TO DETERMINE IF THE MAIN FACTOR BEHIND RECENT RISE IN SERVICE PRICES IS THE PASS-THROUGH OF RISING LABOR COSTS.