Bank of Japan (BoJ) Deputy Governor Shinichi Uchida expressed his view on the bank’s interest rate outlook, exchange value and the current market volatility.
Key quotes
Our interest rate path will obviously change if, as a result of market volatility, our economic forecasts, view on risks and likelihood of achieving our projection change.
Japan is not in an environment where we would be behind the curve unless we hike rates at set pace.
We won't hike rates when markets are unstable.
Personally believe US economy can achieve soft landing.
See no big change to Japan, US, economic fundamentals so market reaction to single US data appears too big.
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