By Leika Kihara
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will “seriously” take into account foreign exchange-rate moves in compiling its economic and price forecasts.
On monetary policy, Ueda reiterated that the BOJ will reach a decision “meeting by meeting” on the basis of information that becomes available.
There is still a month to go until the BOJ’s next policy meeting in December, he noted, adding that there will be more information to digest by then.
The weak yen – which had pushed up import costs and inflation – was among the factors that led to the BOJ’s decision to raise interest rates in July.
“We do seriously take into account exchange-rate movements in forming our economic and inflation outlook including the question of what’s causing the exchange-rate changes that are taking place at the moment,” Ueda said.
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