Japanese Yen surged, senior official from Bank of Japan: Will continue to raise interest rates as long as the economy meets expectations

On Wednesday, September 11th, Bank of Japan Policy Board member Junko Nakagawa stated:

It is currently difficult to determine the specific level of the neutral interest rate, and we will seek the neutral interest rate by evaluating the effects of raising interest rates.

At the same time, the Bank of Japan will assess the impact of market volatility on the economic outlook. The impact of the depreciation of the yen on costs is not fully reflected in prices.

The impact of exchange rates on inflation is greater than before.

Currently, the yen has risen to 141 against the US dollar, erasing the decline earlier this year.