Fed officials have struck a hawkish tone since the meeting. WEAK YEN As widely expected, the BOJ on Friday maintained its -0.1% short-term rate target and a 0% cap on the 10-year bond yield set under its yield curve control (YCC) policy, pushing the yen broadly lower against major currencies. Against the dollar, yen touched a near seven-month low of 141.975 earlier on Monday.
The number of people working at Japan’s hotels and inns is well below pre-pandemic levels, but the country has seen a 15-fold year-on-year increase in inbound tourists since fully reopening its borders to vaccinated travellers last month.
Japan s food producers are looking to promote domestic consumption of rice flour-based products, as a weak yen and Russia s invasion of Ukraine have substantially increased the cost of importing other types of grain.
As Japanese firms are coping with a global economic slowdown and high energy and raw material costs exacerbated by a weak yen, the country's factory activity grew in September