BOJ Gov Kuroda says will keep a close eye on FX market moves

Bank of Japan Governor Kuroda is speaking from parliamnet:

• it's true recent sharp yen fall, coupled with raw material price rise, driving up japan's prices
• consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term likely to accelerate toward year-end before sliding below 2% next fiscal year
• there is very high uncertainty on how fx fluctuations, global commodity prices affect domestic prices
• BOJ will keep a close eye on fx, market moves and their impact on economy
• Very few people I met in Washington expected the dollar to continue rising against most other currencies Currencies Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Read this Term, as is the case now
• USD/JPY appears to be moving in parallel with Japan-US short-term interest rates gap now, but in the past there were cases where they did not move in parallel

---

On the 'people I met in Washington' comment. I'd humbly suggest 99.9% of these government types are more or less clueless when it comes to forex.