Japanese central bank can no longer sit still as the yen falls to a 10-month low! Sending signals of a rate hike in December.

Wisdom Financial APP learned that after the Japanese yen exchange rate fell to its lowest level in about 10 months, Junzo Arai, a member of the Bank of Japan's Monetary Policy Committee, stated that there is a need to push for the normalization of monetary policy, releasing a significant signal that the Bank of Japan may restart interest rate hikes as early as next month. This means that as the Japanese yen exchange rate (against the US dollar) continues to fall, the Bank of Japan finally cannot sit still - with the current yen exchange rate at its lowest level since January and just one step away from its weakest level since July last year, emergency measures were taken to stabilize the yen exchange rate by sending out hawkish remarks.