BoJ's Nakagawa: Will continue to raise interest rate if economic, inflation outlook realized

Bank of Japan (BoJ) monetary policy board member Junko Nakagawa said on Thursday, "if its outlook for economic activity and prices is realized, BoJ will continue to raise the policy interest rate."

Additional quotes

High uncertainties remain over future course of trade policies and their impact.

BoJ will make monetary appropriate policy decisions by continuing to carefully assess data and information.

There is a possibility that upward pressure on wages and the pass-through of higher wages to selling prices will strengthen.

Results of the upcoming September tankan will also be very important in examining the changes arising from factors such as progress in trade policy negotiations.

If firms focus much more on cost-cutting over passing on cost increases to selling prices due to tariffs, moves to reflect price rises in wages could weaken.

Heightened uncertainties over trade policies are likely to affect business and household sentiment around the world, could push down Japan, overseas economies.