BOJ’s Leading Dove Boosts Yen by Not Ruling Out December Hike

One of the Bank of Japan’s most dovish board members didn’t rule out the possibility of a rate hike this month, saying that it’s important to analyze the data first.

“I’ve said this before, but I’m not against rate hikes themselves,” said Toyoaki Nakamura in a press conference Thursday afternoon, after he had earlier given a speech to local business leaders in Hiroshima which pointed to his expected more dovish stance. “It’s important to make decisions based on data.”