More again from Bank of Japan Governor Ueda, this time on the JPY:
- Cannot say decisively that weak yen is negative for Japan's economy
- Weak yen pushes up domestic inflation via rise in import costs
- Weak yen is positive for exports, profits of globally operating Japanese firms
- Won't comment on FX levels
Ueda has been very vociferous today:
- Bank of Japan Governor Ueda says Japan's economy is recovering moderately
- More from BOJ's Ueda on conditions for ending YCC and negative rates
