Bank of Japan Gov. Kazuo Ueda Expresses Positive Outlook for Japan’s Economy; Warns Against Excessive Depreciation of Yen

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Kazuo Ueda, Governor of the Bank of Japan, observes the yen's decline as exchange rate fluctuations are more likely to affect prices than in the past

Japanese Bank Governor Kazuo Ueda, at the House of Representatives' Finance and Finance Committee on August 8, expressed the view that exchange rate fluctuations are more likely to affect prices than in the past, suggesting that the yen's depreciation is more likely to lead to price rises, and stressed that he is "sufficiently aware of recent developments in the yen's depreciation."Ueda explained that "there are some more aggressive movements in…