BOJ deputy governor Uchida says the Bank’s interest rate can change if needed

Bank of Japan deputy governor Uchida

• Our interest rate path will obviously change if, as a result of
  market volatility, our economic forecasts, view on risks and
  likelihood of achieving our projection change
• Japan is not in an
  environment where we would be behind the curve unless we hike rates
  at set pace
• We won’t hike rates
  when markets are unstable
• Personally believe
  the US economy can achieve soft landing
• See no big change to
  Japan, US economic fundamentals so market reaction to single US data
  appears too big

• Recent market moves are extremely volatile so watching impact of
  their moves on economy, prices with extreme vigilance, will respond
  appropriately in guiding policy

• Japan’s real interest rate very low, monetary conditions very
  accomodative

Full text is here:

Japan’s Economy and Monetary Policy

This article was written by Eamonn Sheridan at www.forexlive.com.