Potential candidate for Japan PM supports BOJ continuing to hike rates

Bloomberg is gated, in brief from the interview with Katsunobu Kato, a potential candidate for the country’s next prime minister:

• Japan should continue to aim for a world where interest rates and prices keep moving

• “It’s clear that we have to head in this direction” where prices and rates aren’t stagnant

• caution is still needed for the immediate future given the market turmoil this month
• years of unmoving prices and rates had been damaging …
  “That lack of movement created structural distortions. We’re finally getting to a stage where rates can keep moving.”

Updating USD/JPY:

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