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BOJ chief hints at policy response if weak yen impacts inflation

BOJ chief hints at policy response if weak yen impacts inflation

Bank of Japan chief Kazuo Ueda said Wednesday that the central bank could consider a monetary policy response if the recent weakening of the yen impacts prices. Ueda told a parliamentary session that the country's inflation may be more susceptible to developments in the currency market than before, as price-setting behavior by Japanese companies has been changing. Related coverage: BOJ on watch for impact of weak yen on inflation, policy: chief Yen briefly rises to 151 in N.Y. after weak U.S. labor data Japan finance chief sees need for stable forex moves amid weak yen

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