Shinichi Uchida, deputy governor of the Bank of Japan: If the market is unstable, there will be no interest rate hikes. There are some factors that make us more cautious about raising interest rates.
Shinichi Uchida, Deputy Governor of the Bank of Japan: In a mild interest rate hike environment, the Bank of Japan has the advantage of choosing the timing of interest rate hikes.
The Bank of Japan will not raise policy rates if the financial marekt is unstable, said Shinichi Uchida, deputy governor of the Bank of Japan. In his first public remarks since the historic collapse of the Japanese stock market, Uchida said that recent market movements have been "extremely unstable" and that the central bank needs to maintain loose monetary policy for the time being. Uchida pointed out that authorities need to monitor any potential impact of market movements on prices and the ov...