Japan's Economy Minister Kiuchi says pass-through of rising costs on goods prices has been limited so far and June overall CPI shows price rises remain moderate Y/Y

Says: Government shares with BoJ the forecast that consumer inflation will accelerate in latter half of this year and slow thereafter. Hope BoJ conducts monetary policy appropriately to stably and sustainably achieve its 2% inflation target. Hope BoJ closely communicates with the government in guiding policy. Won't comment on specific FX level, but watching closely the impacts of FX moves on the economy and prices.