BOJ still on hawkish track despite dovish bid to cool market turmoil
Masamichi Adachi is chief economist for Japan at UBS Securities Japan.
The market turmoil following the Bank of Japan's unexpected rate hike on July 31 left many observers wondering whether the central bank made a blunder like it did in 2000 and 2006-2007. It's already gained the moniker of "Ueda shock."