The Bank of Japan will make "decisive" policy decisions when needed by examining movements in the yen and the economy as the nation recovers from the March disasters, Deputy Gov. Hirohide Yamaguchi said in Nagano on Wednesday.
The BOJ will "take appropriate policy actions in a flexible and decisive manner" if judged necessary, Yamaguchi said in a speech to business leaders. "The bank is aware that uncertainties at home and abroad are significant."
The yen rose to a four-month high of 78.47 to the dollar on July 14 on concern Europe's sovereign-debt crisis will spread just as the U.S. economy slows.