TOKYO -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank may take monetary policy action if yen moves have a big impact on inflation, escalating his warning against the economic fallout from the currency's recent sharp declines.
"Companies' wage- and price-setting behaviour is becoming somewhat more active. As such, we need to be mindful of the risk that the impact of currency volatility on inflation is becoming bigger than in the past," Ueda said."Exchange-rate moves could have a big impact on the economy and prices, so there's a chance we may need to respond with monetary policy," Ueda told parliament.
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