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On Thursday, Bank of Japan Governor Kazuo Ueda said that Japan will make appropriate monetary policy decisions as inflation intensifies.
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Services prices continued to rise moderately.
A tightening labor market is expected to lead to increases in wages and household incomes, reinforcing a virtuous economic cycle.
We hope that the exchange rate trend will be stable and reflect fundamentals.
It declined to comment on the exchange rate level.
Foreign exchange rates are affected by various factors.
A 1% increase in interest rates will result in a 40 trillion yen loss in the value of Japanese government bonds held by the Bank of Japan.
