BOJ board opinion summary shows shift in focus to curbing inflation overshoot
The summary is likely to boost speculation over another hike this year, although it offers no clear signal on the timing.
The Bank of Japan has indicated a shift in its policy focus towards preventing inflation from exceeding its 2% target, according to a summary of opinions from a recent policy meeting. The central bank raised the policy rate to its highest level in 13 years during the September 17-18 meeting. One member voiced the new direction, stating that authorities would need to accelerate rate hikes if signs of upward price deviation emerge.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
