The Bank of Japan's Deputy Governor, Masayoshi Ueda, has indicated the possibility of a rate hike if the weak yen continues to boost inflation. This statement was made during the IMF-World Bank annual meetings in Japan.
Ueda's remarks come amidst growing concerns about the impact of the weakening yen on the Japanese economy. A weaker yen can lead to higher import costs, which in turn can push up prices for consumers.
