BOJ policymaker urged rate hike size debate amid inflation risks: minutes
TOKYO (Kyodo) -- A Bank of Japan policymaker said at its September monetary policy meeting that the central bank had entered a new phase in which the
At the Bank of Japan's September monetary policy meeting, a policymaker highlighted that the central bank had entered a new phase, necessitating discussions on the size of interest rate hikes, according to the released minutes. The BOJ had increased its policy rate from 1.0 percent to 1.25 percent during the meeting held on September 17-18.
The policymaker noted that the BOJ had been raising rates at a moderate pace of twice a year in 2024 and 2025, contrasting with other major economies, which had shifted toward rate hikes. The BOJ policymaker emphasized that the central bank should respond flexibly to overseas developments and consider the size of a rate hike, rather than sticking to a fixed 0.25 percentage point increments.
The minutes further revealed that several policymakers shared concerns about the risk of inflation exceeding the central bank's 2 percent target.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
