More from Bank of Japan Governor Ueda: Aware of the impact of weak yen on firm earnings

<p>Bank of Japan Governor Ueda spoke earlier:</p><p><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-speech-full-text-patiently-maintaining-monetary-easing-20230925/" target="_blank" rel="follow" data-article-link="true">Bank of Japan Governor Ueda speech, full text. Patiently maintaining monetary easing.</a></p><p>More now:</p><ul><li>
BOJ recognizes that impact of rising raw material costs, weak yen on
earnings vary for each sector, company size</li><li>Policy prescription
to deal with inflation would vary depending on factor behind price
rises</li><li>We have supported
economy with easy monetary policy since cost-push inflation that we
have seen so far hurts japan firms, households</li><li>Want to continue
carefully weighing benefits, cost of our policy</li></ul><p>Ueda is under pressure on the weak yen. While its basically sitting on its year's low against the USD (not far from it) the lingering threat of intervention and <a href="https://www.forexlive.com/centralbank/usdjpy-has-closed-its-gap-made-on-boj-gov-uedas-comments-on-potential-change-of-policy-20230917/" target="_blank" rel="follow">comments from Ueda himself</a> have held it in its tightest monthly range in over a year and a half.</p>

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