🇯🇵 Asada (BOJ): Not considering a rate cut proposal
Bank of Japan Board member Asada Noriichirou said he is not currently considering proposing a rate cut.
Speaking in Nagasaki today (12/11), Asada — who opposed the two rate hikes in June and September to 1.25% — maintained his cautious stance: raising rates too quickly could restrain growth and bring down underlying inflation.
Markets still expect the BOJ to raise rates to 1.5% in December.
$BTC is trading around $73,600 (-0.66% in 24h).
#jpy #boj
Bank of Japan Board member Asada Noriichirou said he is not currently considering proposing a rate cut.
Speaking in Nagasaki today (12/11), Asada — who opposed the two rate hikes in June and September to 1.25% — maintained his cautious stance: raising rates too quickly could restrain growth and bring down underlying inflation.
Markets still expect the BOJ to raise rates to 1.5% in December.
$BTC is trading around $73,600 (-0.66% in 24h).
#jpy #boj
