Bank of Japan deputy governor Uchida
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 changeJapan is not in an
environment where we would be behind the curve unless we hike rates
at set paceWe won’t hike rates
when markets are unstablePersonally believe
the US economy can achieve soft landingSee no big change to
Japan, US economic fundamentals so market reaction to single US data
appears too big
Recent market moves are extremely volatile so watching impact of
their moves on economy, prices with extreme vigilance, will respond
appropriately in guiding policy
Japan’s real interest rate very low, monetary conditions very
accomodative
Full text is here:
Japan’s Economy and Monetary Policy
This article was written by Eamonn Sheridan at www.forexlive.com.
