BOJ's Ueda says the weak yen has positives and negatives

<p>More again from Bank of Japan Governor Ueda, this time on the JPY:</p><ul><li>
Cannot say decisively that weak yen is negative for Japan's economy</li><li>Weak yen pushes up
domestic inflation via rise in import costs</li><li>Weak yen is positive
for exports, profits of globally operating Japanese firms</li><li>Won't comment on FX levels</li></ul><p>Ueda has been very vociferous today:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-says-japans-economy-is-recovering-moderately-20231117/" target="_self">Bank of Japan Governor Ueda says Japan's economy is recovering moderately</a></li><li><a href="https://www.forexlive.com/centralbank/more-from-bojs-ueda-on-conditions-for-ending-ycc-and-negative-rates-20231117/" target="_self">More from BOJ's Ueda on conditions for ending YCC and negative rates</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/more-from-bojs-ueda-boj-does-not-have-specific-plan-yet-on-how-it-will-sell-etfs-20231117/" target="_self">More from BOJ's Ueda: BOJ does not have specific plan yet on how it will sell ETFs</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.