Bank of Japan official Seiji Adachi says it’s possible that yen weakness could spur price gains and prompt authorities to consider another rate hike earlier than expected https://t.co/HMFS4RdFBR
With the Yen having drifted back to the 157 level to the dollar, these interesting remarks (as reported by Reuters) from Bank of Japan Board Member Seiji Adachi, helping to shift the spotlight from possible currency intervention to greater openness to an earlier interest rate… https://t.co/9MhCWjdsJv
Bank of Japan's Chief Economist, Yoshitaka Adachi, suggests adjusting rates gradually if inflation reaches 2%. #BOJ #inflation #economy






Bank of Japan's board member Seiji Adachi has been making significant statements regarding inflation, interest rates, and currency impact. Adachi predicts an earlier inflation pickup due to the weak yen and hints at a possible rate hike if the yen's fall significantly impacts inflation. He mentions that his inflation forecasts haven't changed much from April and suggests adjusting rates gradually if inflation reaches 2%. Adachi also emphasizes the need to respond if FX movements materially affect the economy and prices. These remarks have garnered attention and shifted focus from potential currency intervention to a potential earlier interest rate increase.