Market conditions are currently unstable, and no judgments are made about the rate hike path, according to Mr. Nakagawa, a member of the Bank of Japan.
September 11, 2024, 4:10 PM GMT+9 (excerpts)
At a press conference in the afternoon of the 11th, Bank of Japan Board Member Junko Nakagawa stated that the future path of policy interest rates and the pace of adjustments to monetary easing will depend on the future economic, price, and financial situation. She mentioned that, given the current instability in the financial market, there is no preconceived notion.
In a greeting at the Akita Prefecture Financial and Economic Dialogue on the morning of the same day, committee member Nakagawa stated that if the Bank of Japan's economic and price outlook becomes realized, the degree of monetary easing will be adjusted from the perspective of achieving the price target. This statement is also believed to have contributed to the appreciation of the yen in the foreign exchange market.
In a greeting at the Akita Prefecture Financial and Economic Dialogue on the morning of the same day, committee member Nakagawa stated that if the Bank of Japan's economic and price outlook becomes realized, the degree of monetary easing will be adjusted from the perspective of achieving the price target. This statement is also believed to have contributed to the appreciation of the yen in the foreign exchange market.
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新div : The Bank of Japan, Ueda, Kanda, Nakagawa and
Chaos in the exchange rate with
If the exchange rate is messed up like this,
Of course, the Nikkei Average will be volatile
Just by suggesting the possibility of a rate hike
The market is up and down every day,
The Japanese market is in a bad situation.