On Wednesday, September 11th, Bank of Japan Policy Board member Junko Nakagawa stated:
<blockquote>
It is currently difficult to determine the specific level of the neutral interest rate, and we will seek the neutral interest rate by evaluating the effects of raising interest rates.
At the same time, the Bank of Japan will assess the impact of market volatility on the economic outlook. The impact of the depreciation of the yen on costs is not fully reflected in prices.
The impact of exchange rates on inflation is greater than before.
</blockquote>
Currently, the yen has risen to 141 against the US dollar, erasing the decline earlier this year.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/018e69fc-09ad-4283-ac3a-a5241960f8b3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/018e69fc-09ad-4283-ac3a-a5241960f8b3.png"/>

- The Japanese yen led against the US dollar as Bank of Japan board member Junko Nakagawa hinted at a possible interest rate hike.
- Nakagawa mentioned the challenge of determining the neutral interest rate and emphasized evaluating the effects of rate hikes to find this level.
- Market analysts are assessing the impact of Bank of Japan's monetary policy and the US presidential debate on the forex market, with a bullish sentiment on the yen and a strengthening trend against the dollar.

Japanese Yen surged, senior official from Bank of Japan: Will continue to raise interest rates as long as the economy meets expectations