Takada: not excluding the possibility of a substantial or continuous increase

Takada, a member of the policy committee of the Central Bank of Japan, stated that he did not exclude the possibility of a substantial or continuous increase in interest rates and stated that the increase in 25 basis points was not fixed. Takada ' s statements led to exchange rate fluctuations in the yen, which rose from 160.39 to 159.44 from about 0.5 per cent to 159.44. Aozora Bank’s chief market strategist stated that the market responded to Takada’s clear signal of a continuous interest rate hike, and that its rhetoric was more radical in terms of the rate hike and rhythm than the recent statements of the President and Vice-President of the JCB。