BOJ won’t raise rates when markets unstable, deputy governor says

HAKODATE, Japan (Reuters) – Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable.

“As we’re seeing sharp volatility in domestic and overseas financial markets, it’s necessary to maintain current levels of monetary easing for the time being,” Uchida said in a speech to business leaders in the northern Japan city of Hakodate.

(Reporting by Leika Kihara; Editing by Tom Hogue)