Bank of Japan (BoJ) board member Toyoaki Nakamura said on Thursday that “I am not against rate hikes, but I feel the decision should depend on the data.”
Additional comments
There will be a lot of data coming out before the BoJ meeting in December, including Tankan, so I want to look at it closely to decide if a rate hike would be appropriate.
Japan’s economy is still in the recovery phase, rather than in the expansion phase.
There should be no preconceived ideas about when to raise interest rates.
Source: Fx Street
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