BoJ’s Nagakawa: Japan's economy on track based on data out since previous meeting in July

Dhwani Mehta FXStreet

Bank of Japan (BoJ) board member Junko Nagakawa is back on the wires on Wednesday, noting that “Japan's economy is on track based on data out since the previous meeting in July.”

Additional quotes

Hard to pin down precise level of Japan's neutral rate.

Important to look at how economy, inflation react to change in short-term interest rate.

Markets remain unstable.

When markets are volatile, we need to look at what is behind such moves.

Hard to comment on timing of next rate hike.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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