BoJ’s Nakamura: I am not against rate hikes but feel decision should be data-dependent
FXStreetDec 5, 2024 7:53 AM
Bank of Japan (BoJ) board member Toyoaki Nakamura said on Thursday that “I am not against rate hikes but feel the decision should be data-dependent."
Additional comments
There will be plenty of data coming out before BoJ’s December meeting including Tankan, so want to scrutinize them in deciding whether rate hike would be appropriate.
Japan's economy still at recovery, rather than expansionary, phase.
Should not have any preset idea on when to raise interest rates.
Related news
- Japanese Yen sticks to modest intraday gains against USD; lacks follow-through
- BoJ’s Nakamura: Personally not confident about sustainability of wage growth
- BoJ's Ueda: Wage trends key to possible rate hike
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