(Seoul=Yonhap Infomax) Ji Yeon Kim – Bank of Japan (BOJ) Governor Kazuo Ueda stated that the recent depreciation of the yen could influence inflation.


Speaking before the National Diet on the 21st (local time), Ueda said, "We must keep in mind that a weaker yen may raise import costs and overall prices, potentially affecting inflation."


He emphasized, "We will closely monitor the impact of exchange rate volatility on prices."


The yen has been under pressure amid concerns over the Japanese government's large-scale economic stimulus measures led by Sanae Takaichi. On the previous day, the dollar-yen exchange rate climbed to as high as 157.891 during intraday trading, marking its highest level in ten months.


Market reaction to Governor Ueda's remarks was limited. As of 10:11 AM, the dollar-yen rate was trading at 157.25, down 0.20% from the previous session.


jykim@yna.co.kr


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