Japan’s economy is on track based on data released since the previous meeting in July

Bank of Japan (BoJ) board member Junko Nagakawa hit back on Wednesday, noting that “Japan’s economy is on track based on data released since the previous meeting in July.”

Additional quotes

It is difficult to determine the precise level of Japan’s neutral rate.

It is important to look at how the economy, inflation reacts to the short-term interest rate change.

Markets remain volatile.

When markets are volatile, we need to look at what is behind these moves.

Difficult to comment on the timing of the next rate hike.