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BoJ deputy governor signals need to keep interest rates on hold as market volatility persists
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In a meeting held today (7 August) with local leaders in Hakodate, Uchida described the policy interest rate of 0.25% as «significantly low» and argued to continue monetary easing in accordance with the current rate due to «developments in financial and capital markets at home and abroad being extremely volatile». His statement came two days after the Japanese stock market suffered its largest one-day decline on Monday (5 August), amid investor fears that the US was heading for a recession. Japan's Nikkei 225 index nosedived at the time by almost 13%, having dropped 5.9% before the we...
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Read more on investmentweek.co.ukAbout this in other media
Fed rate setter calls for gradual interest rate cuts – reports investmentweek.co.uk /4 weeks ago
Americans sharply boosted spending at retailers in July despite higher prices and interest rates abcnews.go.com /1 month ago
This is why Federal Reserve may slash interest rates only once and not more than 25 basis points economictimes.indiatimes.com /1 month ago
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