Japan’s Akazawa: Want the BoJ to decide on future rate hikes carefully

Dhwani Mehta FXStreet

Japan's newly appointed Economy Minister Ryosei Akazawa said on Tuesday that he wants the Bank of Japan (BoJ) to decide on future rate hikes carefully.

Additional quotes

Should not do anything that would cool economy for a while.

Taking Japan completely out of deflation is top priority.

Market reaction

USD/JPY was last seen trading at 143.75, up 0.08% on the day.

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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