Deputy Governor of the Bank of Japan: Timing of rate hike depends on economic and inflation performance

Bank of Japan Deputy Governor Masayoshi Amamiya stated that the timing of interest rate hikes will depend on economic and inflation performance, and the committee needs to have greater confidence in economic and price forecasts. The Bank of Japan will assess the timing of interest rate hikes based on data from each policy meeting and will monitor economic data from the United States and China. Although fiscal year statistics will not be released until the end of the year, the Bank of Japan does not need to wait until then to assess the readiness for interest rate hikes. The market generally expects the Bank of Japan to maintain interest rates at the October meeting