Deputy Governor of the Bank of Japan: If the market is unstable, the Bank of Japan will not raise interest rates

2024-08-07 10:04:43

Collection

ChainCatcher News: Bank of Japan Deputy Governor Shinichi Uchida stated that if the financial markets are unstable, the Bank of Japan will not raise the policy interest rate. This was Uchida's first public statement following the historic crash of the Japanese stock market, where he mentioned that recent market trends are "extremely unstable," and the central bank needs to temporarily maintain an accommodative monetary policy.

Uchida pointed out that authorities need to monitor any potential impacts of market trends on prices and the overall economy, and the trajectory of Japanese interest rates may change based on these impacts.

After Uchida's remarks, the yen quickly fell by 2%, while the Nikkei 225 index and the Topix index rebounded by over 3%.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

Macroeconomic Research and Trends

Changes in the macroeconomy can affect the cryptocurrency market, making the study of the macroeconomy quite important. This topic will follow up on the macroeconomic situation.

Topic or theme