By Leika Kihara

TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will “seriously” take into account foreign exchange-rate moves in compiling its economic and price forecasts.

On monetary policy, Ueda reiterated that the BOJ will reach a decision “meeting by meeting” on the basis of information that becomes available.

There is still a month to go until the BOJ’s next policy meeting in December, he noted, adding that there will be more information to digest by then.

The weak yen – which had pushed up import costs and inflation – was among the factors that led to the BOJ’s decision to raise interest rates in July.

“We do seriously take into account exchange-rate movements in forming our economic and inflation outlook including the question of what’s causing the exchange-rate changes that are taking place at the moment,” Ueda said.

(Reporting by Leika Kihara and Makiko Yamazaki; Editing by Kim Coghill and Tom Hogue)