Former vice finance minister Nakao Takehiko (中尾 武彦) said the United States is concerned that yen depreciation will weaken the Japanese economy, and also mentioned the possibility that the Bank of Japan could raise interest rates to 2.25%.
Nakao Takehiko (中尾 武彦), a former vice finance minister, told Reuters that the United States is concerned that excessive yen depreciation could weaken the Japanese economy. In the interview, he expressed the view that further yen depreciation could affect Japan's growth outlook.
Nakao Takehiko (中尾 武彦) also suggested that Bank of Japan rate hikes could bring rates to around 2.25%. Although he did not discuss specific timing or conditions, he mentioned the impact that a shift in monetary policy could have on the Japanese economy.