TOKYO (Reuters) -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. A weak yen affects the economy in various ways including by pushing up import costs, and affecting demand for goods and services, Ueda said. While the BOJ won't seek to directly control yen moves with monetary policy, it will scrutinise the potentially huge impact they could have on the economy and prices, Ueda said.
(Bloomberg) -- Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all this tightening cycle. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortOne Out of Every 24 New York City Residents Is Now a MillionaireEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsIn the US, UK, Canada and Australia, rapidly ris
Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday, hit by weak spending on its flagship titles such as "FC 24" and "Madden NFL 24" amid an uncertain economic outlook. The Redwood City, California-based company also authorized a new three-year stock buyback plan totaling $5 billion. The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation.