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.

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BoJ’s Nakamura: I am not against rate hikes but feel decision should be data-dependent

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