Bank of Japan (BoJ) Deputy Governor Shinichi Uchida told the Japanese parliament on Monday that the central bank will continue to monitor both domestic and global economic conditions.
“If our economic and price outlooks are to be achieved, we will adjust the degree of monetary easing by raising policy rates,” Uchida stated, suggesting that rate hikes may be considered if the BoJ’s economic and inflation targets are met.
At the time of his remarks, the USD/JPY pair was up 0.31% for the day, trading at 149.80.
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