BoJ’s Ueda: Central bank raised rates in July as economy, inflation moved mostly in line with forecast.

Bank of Japan (BoJ) Governor Kazuo Ueda told the Japanese parliament on Friday, “the BoJ raised rates in July as economy and inflation moved mostly in line with forecast.“

Additional quotes

No change in stance about adjusting monetary easing if economy, inflation move in line with forecast.

Recent BoJ policy decisions have been appropriate.

Showing future policy path could cause unnecessary speculation.

Rise in import prices continued longer than expected.

Weak yen could affect BoJ’s price projections.

FX moves affect economy through various channels.

FX moves at times could affect economy, as well as risks to economic forecast.

FX moves could affect BoJ’s median forecast.