BOJ Policy Board member Takata (高田) reportedly said that monetary policy requires a flexible response without being bound by fixed intervals or increments for rate hikes, while showing a willingness to prevent upside risks to prices and taking exchange-rate effects into consideration. Takata also reportedly indicated a view that this year marks a regime shift into a new phase.
BOJ Policy Board member Takata (高田) expressed the view that monetary policy should not be constrained by fixed rate-hike intervals or increments, but should instead respond flexibly to prevailing conditions. Takata reportedly stressed the need to show a willingness to contain upside risks to prices while also taking exchange-rate effects into consideration. The remarks convey an approach that assumes flexibility in the conduct of monetary policy.
The remarks were reported via Traders Web and were published as news current as of 10:37 a.m. on 2 September. The report said that the remarks conveyed the view that this year had entered a new phase and represented a regime shift.