Bank of Japan (BoJ) board member Seiji Adachi once again spoke out on Wednesday

Bank of Japan (BoJ) board member Seiji Adachi once again spoke out on Wednesday, commenting on the outlook for interest rates and exchange rates.

additional quotes

The market has stabilized compared to the massive swings in August.

The risk of a sharp decline in the yen may have receded, but increasing positioning remains to be watched.

The impact of the new spending programs we focus on in setting policy is likely to be neutral on underlying inflation.

We do not have a preset position on the level of Japan's natural interest rate, which may change based on various factors.

When I talk about sufficient rate hikes, hopefully next year's wage hikes will be at least as high as this year's.

The Bank of Japan's next meeting of regional branch managers in January is likely to provide clues on the outlook for wages next year and be one of the factors determining policy.

There is no set pace for raising interest rates.

Data, especially real economic data, must be studied carefully.

So far, the rate hikes have had the desired effect.

But we must avoid falling back into deflation by raising interest rates too early.

The risk of increased appreciation pressure due to the depreciation of the yen has been greatly reduced.

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