BOJ Policymaker Called for Faster Rate Hikes at Sept. Meeting
Tokyo, Oct. 1 (Jiji Press)--A Bank of Japan policymaker said at the BOJ's latest policy-setting meeting that the central bank needs to accelerate the pace of interest rate hikes, a summary of opinions at the Sept. 17-18 meeting showed Thursday. At the September meeting, the BOJ Policy Board voted 7-2 to raise its policy interest rate to 1.25 pct, three months after the previous rate hike in...
During the Bank of Japan's latest policy-setting meeting held on September 17-18, a central bank policymaker called for the acceleration of interest rate hikes, according to a summary of opinions presented Thursday. At the meeting, the BOJ Policy Board voted 7-2 to raise the policy interest rate to 1.25 percent, three months after the previous hike in June.
A representative from the Cabinet Office emphasized the importance of the BOJ fulfilling its accountability for the rate hike and carefully examining the cumulative effects of past policy interest rate increases. One BOJ Policy Board member noted that the interval between rate hikes would be shorter than before due to the more resilient economic conditions than anticipated.
Another member stated that if there were signs of an upward deviation in prices, the BOJ would need to accelerate the pace of rate hikes.
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