Former Bank of Japan Policy Board member Adachi Seiji (安達誠司) said the Bank of Japan is likely to decide on a rate hike at its September meeting, taking into account the yen-buying intervention by Japanese and U.S. authorities.
Former Bank of Japan Policy Board member Adachi Seiji (安達誠司) said the Bank of Japan is likely to proceed with a rate hike at its September monetary policy meeting. The background to the intervention has been cited as the basis for this view.
The statement reflected the view that market developments, including yen-buying intervention by Japanese and U.S. authorities, will affect the Bank of Japan’s policy decisions.