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A Bank of Japan board member suggested on Wednesday the central bank is ready to move policy rates higher, saying it will “adjust the degree of monetary accommodation” if the country’s economy and inflation move on track. Junko Nakagawa’s remarks in Akita Prefecture, which came ahead of the bank’s two-day policy meeting starting next Thursday, echoed a view expressed by its chief Kazuo Ueda in a parliamentary session in August. The yen temporarily rose to its highest level against the U.S. dollar since December in the upper 140 zone in Tokyo following the remarks, which were seen as signaling …

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