BOJ won't raise rates when financial markets unstable: deputy chief

The Bank of Japan will keep its policy rate at the current level to maintain monetary easing and will not raise it further when financial markets are unstable, one of its deputy chiefs said Wednesday.BOJ Deputy Governor Shinichi Uchida also said in a speech in Hokkaido, northern Japan, that the recent pause in the yen's weakening has "decreased" upside risks to inflation via import costs.His comments, coming after the BOJ raised its policy rate to around 0.25 percent last month, immediately sent the yen falling versus the U.S. dollar. Financial markets had been surprised by the central bank…READ FULL ARTICLE