Yen surges to strongest this year on BOJ policymaker's remark

Junko Nakagawa signals central bank's readiness to raise rates if inflation on track

20240911 Yen notes file photo

Comments by Bank of Japan policymaker Junko Nakagawa pushed up the yen on Sept. 11. (Photo by Arisa Moriyama)

TOKYO/AKITA, Japan (Reuters) -- The Bank of Japan will continue to raise interest rates if inflation moves in line with its forecast, policymaker Junko Nakagawa said, signaling that last month's market rout has not derailed the bank's plan to hike borrowing costs steadily.

But the central bank must take into account the impact that such market moves could have on the outlook for the economy and prices when considering whether to raise rates, she added.

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