Bank of Japan committee member: The October short-term economic survey is crucial for assessing the impact of the trade war

Bank of Japan member Nakagawa stated that the short-term economic outlook survey in October is crucial for assessing the impact of the trade war. She reiterated that if the economic trend aligns with expectations, interest rates will continue to rise, but data must be evaluated cautiously in the face of increasing uncertainty. Nakagawa pointed out that U.S. tariff policies may affect corporate and household confidence, dragging down the Japanese and global economies. Despite the trade agreement reached between Japan and the U.S., uncertainties remain. The market expects that the Bank of Japan may raise interest rates again later this year