Central Banks
BOJ Board Member Signals Rate Hike Still in Play, Boosts Yen
- Japan’s currency erases this year’s losses versus the dollar
- Stocks slide in Tokyo with the yen’s gains as Nakagawa speaks
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The Bank of Japan will continue to adjust policy provided the economy performs in line with projections, board member Junko Nakagawa said in comments that sent the yen to its highest level this year.
While her remarks were largely in line with the BOJ’s standing policy stance, they came at a time when investors are intensely focused on the narrowing of the interest rate gap between Japan and the US — and just as Democrat Kamala Harris and Republican Donald Trump sparred in their first debate.