Gold Rallies for Second Day as Fed Rate Cut Looms

post: BOJ NAKAGAWA: TO ADJUST EASING LEVEL IF OUTLOOK FULFILLED post: BOJ NAKAGAWA SEES REAL RATES AT A VERY LOW LEVEL. post: NAKAGAWA SUGGESTS BOJ MAY REVIEW PLANS TO CUT JGB PURCHASES AT MEETINGSBOJ's Nakagawa speaks on one-sided yen falls Bank of Japan monetary policy board member Nakagawa: One-sided yen falls subsided somewhat but rising import prices could affect consumer inflation with a lag. • Prolonged inflation overseas could put upward pressure on Japan's import prices. • Must be mindful of impact of overseas, domestic market moves on Japan's inflation. • Japan's exports, output likely to resume uptrend as overseas economies sustain moderate growth. • Wage growth likely to accelerate as a trend reflecting rising prices. • Consumption likely to increase moderately reflecting higher wages, albeit being affected by rising prices for time being. • Expect inflation to gradually accelerate as a trend. • Achievement of wage-inflation is in sight.