The Bank of Japan (BOJ) is closely monitoring movements in the yen, with Governor Kazuo Ueda indicating that currency weakness and its impact on import costs could play a key role in shaping monetary policy decisions in the months ahead, according to Reuters.
The Japanese currency has come under renewed pressure, sliding past the psychologically significant 160 mark against the U.S. dollar—its weakest level since July 2024. The sharp depreciation has heightened concerns among policymakers and prompted verbal intervention warnings from Japan’s top currency official.
