The BOJ's October policy meeting produced the view that the next rate hike should be implemented when conditions permit. With inflation reaching 2%, some participants also said the policy rate should be moved closer to the neutral rate soon.
The Bank of Japan's Summary of Opinions from its 29–30 October Monetary Policy Meeting showed that some participants believed the next rate hike should be implemented when conditions permit, without being excessively cautious.
Amid conditions in which inflation has reached 2%, some participants also said it was necessary to move the policy rate closer to the neutral rate soon, without overheating or cooling the economy. The article conveys the meeting's main points.
At the meeting, the BOJ judged that prices had reached a level consistent with its target and decided to leave the policy rate unchanged at around 1.25%.