Bank of Japan Deputy Governor Masayoshi Amamiya said: The weakening of the yen is one of the factors pushing up prices.

The Deputy Governor of the Bank of Japan, Hiroshi Nakaso, stated in Parliament that the weakening of the yen has become one of the factors driving up consumer prices by raising import costs and prompting companies to pass on the price increases. Monetary policy is not aimed at guiding or controlling exchange rate levels, but rather at achieving price stability. The Japanese economy is currently experiencing inflation. Japanese Finance Minister Taro Aso stated that the possibility of the economy slipping back into deflation cannot be ruled out. Aso also mentioned that the conflict in Iran is having a significant impact on financial markets.