BOJ on watch for impact of weak yen on inflation, policy: chief

Bank of Japan chief Kazuo Ueda said Tuesday after meeting with Prime Minister Fumio Kishida that the central bank will keep close tabs on the impact of the yen's recent sharp drop on inflation and its conduct of monetary policy.Ueda reiterated that the weak yen has had no big impact on underlying inflation so far, but he expressed caution that currency moves could potentially affect the economy "to a great extent."His comments came after he was perceived to have played down the significance of the yen's rapid depreciation last month, accelerating its fall against the U.S. dollar."While the …READ FULL ARTICLE