Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise the yen's recent declines in guiding monetary policy. "Sharp, one-sided yen falls are negative for the economy and therefore undesirable,

TOKYO—The Bank of Japan’s board is becoming more concerned about the inflation outlook as a sharply weaker yen threatens to drive up import prices, a summary of its latest meeting showed.“While the yen’s depreciation is likely to push down the economy in the short run through price rises driven by cost-push factors,

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.