Bank Of Japan Deputy Governor Say Interest Rate Hikes Not Coming Soon - Yen Weakens after

During his speech to business community in Hakodate, Hokkaido; the Bank Of Japan Deputy Governor Shinichi Uchida has said they Bank will not increase interest rates when there's so much uncertainty surrounding global markets.

Uchida's remarks caused the Japan Stock Index the Nikkei 225 to gain strength and caused the Yen weaken.

Source: https://www.japantimes.co.jp/business/2024/08/07/markets/boj-dovish-signal/