BOJ won't raise rates when markets unstable, deputy governor says

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BOJ won't raise rates when markets unstable, deputy governor says - Channel News Asia

Quick Summary:

HAKODATE, Japan : Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday the central bank won't raise interest rates when financial markets are unstable.

FILE PHOTO: An office employee walks in front of the Bank of Japan building in Tokyo, Japan, April 7, 2023.

"As we're seeing sharp volatility in domestic and overseas financial markets, it's necessary to maintain current levels of monetary easing for the time being," Uchida said in a speech to business leaders in the northern Japan city of Hakodate.