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Exclusive-BOJ dissenter Asada needs demand-driven inflation before backing rate hike
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Bank of Japan Policy Board member Toichiro Asada stated in an interview with the Sankei Shimbun by the 7th that "raising the policy interest rate could potentially slow down the economy and disrupt the virtuous cycle of wages and prices," indicating a cautious stance on further interest rate hikes. Asada was appointed to the position for the first time under the Sanae Takaichi administration…
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Exclusive-BOJ dissenter Asada needs demand-driven inflation before backing rate hike
Nasdaq sheds more than 1% as technology sector takes a hit from chip stocks By Leika Kihara and Takahiko Wada TOKYO, July 8 (Reuters) - Bank of Japan board member Toichiro Asada said he must see signs of demand-driven inflation before supporting interest rate rises, but flagged "relatively rapid"…
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