Note

BoJ’s Adachi: No set pace in mind when it comes to rate hikes

· Views 11



Bank of Japan (BoJ) board member Seiji Adachi is back on the wires on Wednesday, commenting on the interest rate and the exchange rate outlooks.

Additional quotes

Markets have stabilized compared with when we saw huge volatility in August.

Risk of sharp Yen falls likely subsided, though watching for any build-up of positions.

Impact of expected new spending package on underlying inflation, which we focus on in setting policy, likely neutral.

Don't have preset image in mind on level of Japan's natural rate of interest, which likely changes due to various factors.

When I talk about sufficient wage hike, hope to see wage hikes next year at least around level achieved this year.

BoJ’s next regional branch managers' meeting in January could offer clues on next year's wage outlook, serve as among factors to decide policy.

No set pace in mind when it comes to rate hikes.

Must scrutinize data particularly on the real economy.



Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.