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 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
the 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
-
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. Source