The Bank of Japan has stated that it will not raise interest rates during periods of market instability. This decision was confirmed by Deputy Governor Shinichi Uchida on Wednesday. What Happened: Uchida highlighted the impact of a stronger yen on the BOJ’s policy decisions, as it reduces the upward pressure on import prices and overall inflation, reported Reuters. He also noted that stock market volatility could influence corporate activity and consumption, further affecting the central bank’s decision-making process. Uchida emphasized the necessity of maintaining the current levels of moneta…
