Japan's Hayashi says BoJ ready for new rate hikes - Breaking The News

Japan's Hayashi says BoJ ready for new rate hikes

9 September

1 min read

EPA-EFE/EUGENE HOSHIKO

Japan's Chief Cabinet Secretary Yoshimasa Hayashi stated the Bank of Japan (BoJ) is ready for new rate hikes, repeating earlier comments by the bank's governor, Kazuo Ueda.

Hayashi underlined that a rate hike is possible if certain conditions are met while also stating that he is in favor of increasing expenditures and payouts instead of tax reductions.

Meanwhile, Japan's Nikkei 225 traded with losses for three days in a row amid heightened market volatility in the Asia-Pacific.

rate hike boj

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