BoJ to scrutinise Yen moves in guiding policy

Governor Ueda highlighted the BOJ's commitment to closely monitoring the yen's fluctuations and their potential effects on Japan's underlying inflation dynamics.

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Despite signalling its readiness to hike borrowing costs later in the year, the BOJ maintained interest rates around zero in April.

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Market reactions prompted speculation of Japanese authorities intervening to support the yen.

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Regular bilateral meetings between the prime minister and the BOJ governor serve as platforms to exchange views on economic conditions and policies.

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